Fed Hike Odds Hit 84% After Bitcoin ETFs Lose $1.28 Billion
CME FedWatch odds for a December Fed rate hike rose to 84%, while US spot Bitcoin ETFs shed $1.28 billion last week, the largest weekly outflow since late June. Strong October jobs data and a 4.1% unemployment rate drove hike expectations. Traders should watch rate-hike risk as a headwind for crypto.