Fed's Waller Hints at Rate Hikes: Bitcoin Dives Below $77K, P2P Traders Brace for Volatility
Fed Governor Waller just spooked the market with talk of rate hikes, sending Bitcoin tumbling. P2P merchants, get ready for wider spreads and choppier order books as macro fears resurface.
Christopher Waller, a Fed heavyweight, just dropped a bombshell suggesting rate hikes are back on the table if inflation doesn't cool. This isn't just noise; traders are now pricing in a potential October hike, and that's hitting Bitcoin hard. The king coin just tanked below $77,000, shedding 4.5% this week alone as real yields climb and the dollar strengthens.