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Bitcoin falls below $77K as Fed signals possible rate hike in October 2026

Market News
22 May 2026
BeInCrypto
View Source
Bearish
pluang ai news

Bitcoin dropped below $77,000 after Federal Reserve Governor Christopher Waller indicated a potential rate hike in October 2026 due to persistent inflation concerns. Traders now price a 25 basis point hike with about 40% probability at the October meeting. This hawkish shift comes amid record-low US consumer sentiment and rising inflation expectations, pressuring risk assets like Bitcoin. If energy prices remain high due to geopolitical tensions, the Fed may tighten further, impacting Bitcoin and broader markets.

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