Update
CME FedWatch Shows 100% Odds of December Fed Rate Hike
CME FedWatch indicates a 100% chance of a Fed rate hike at the December 9 meeting. This adds pressure to Bitcoin, which has been experiencing a rapid decline. Bitcoin is currently trading at $72,744, below its moving averages, and the market is facing persistent outflows from digital assets due to security concerns and investor sentiment. The update reflects the futures pricing and suggests a bearish outlook for Bitcoin and the cryptocurrency market.