Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough
Bitcoin Magazine Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough The price of bitcoin has continued to drop this week, spurred by fears that the Federal Reserve is increasingly tempted to raise interest rates. This post Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough first ap
Source: Bitcoin Magazine
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DW NOTE
The Fed raised rates to 4% last month with inflation at 3.4% — a real rate of 0.6%. Now they're threatening more hikes while oil jumps on a Strait closure that's cut global supply by 6%. Bitcoin is discovering that positive real rates plus energy shocks is not a friendly macro environment, regardless of what September's rally suggested.