Follow UsBitcoin Hits 12-Week Low as Fed Rate Fears Undo Most of Summer Rally
Bearish-7.08%
13 Nov, 17:22
Source: Decrypt
AI Summary
Bitcoin drops to a 12-week low amid persistent inflation, rising Fed rate hike expectations, and sustained ETF outflows.
Bitcoin is back near August levels as persistent inflation, growing expectations of another interest-rate hike and ETF withdrawals pressure prices.