Fed Minutes Point to a Rate Hike by Year-End, Bitcoin at $82,439: The Level That Decides Your Stop

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The minutes of the September meeting, published on October 7, show a majority on the Fed committee that considers a further rate hike by the end of the year appropriate. Bitcoin stands at $82,439, and for holders in Germany the holding period, leverage and custody hang on it.The US central bank published the minutes of its September 15 and 16 meeting on October 7. They contain the sentence the crypto market has been pricing in since Wednesday evening: most participants considered a further increase in the target range for the federal funds rate by the end of the year to be appropriate. Bitcoin stood at $82,439, or 73,739 euros, on Thursday midday, down 1.51 percent within 24 hours. What has changed since last week is not the price but the direction of expectations. At the start of October many market participants still read the weak US labour market report as an argument for a pause. The minutes now show that the majority on the committee thought otherwise in September. For hold...