Markets are pricing in four more interest rate hikes from the Federal Reserve through June next year, with Bitcoin briefly dipping below $83,000.
35 minutes ago
CME FedWatch data shows markets are currently pricing in a cumulative four interest rate hikes by the Federal Reserve by June 2027, pushing the federal funds rate target range to 4.75%–5%, a 100 basis point increase from the current 3.75%–4% range. U.S. Treasury yields rose across the board, with the 20-year yield approaching 5.5% and the 10-year yield breaking above 5.1%—hitting its highest level since 2007. The long-term U.S. Treasury ETF TLT fell below $80. Meanwhile, the U.S. Dollar Index broke above 101, up roughly 3% year-to-date. Factors driving the rise in U.S. Treasury yields include strong economic data, Middle East tensions boosting inflation and energy prices, and increased bond supply from AI infrastructure financing. Pressed by high interest rates and a strong U.S. dollar, BTC has dipped from its recent high of $87,500 to below $83,000, while gold has held above $4,200.
Binance will list HYPE for its Earn, Buy Crypto, Convert, VIP Loans, and Margin services.
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Apple open-sources LensVLM-9B: 100-page documents are first compressed into images, reducing KV cache usage by 84%
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Bitget integrates Robinhood Chain into its onchain trading functionality.
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Colb launches financial AI agent Colbee, which can execute on-chain transactions via conversation.
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