Bitcoin December Fed Rate Hike Odds Reach 84%

Bitcoin traded near $74,200 on November 10 as Bitcoin December Fed rate hike odds reached 84.4%. Global equity funds, meanwhile, took in $266 billion over four weeks. BTC▼$74,225.00 was down 1.4% since midnight UTC, according to CoinDesk.

Equity-fund inflows and rising rate expectations are both in focus for crypto traders. The 84.4% figure reflects market pricing, not a Fed decision: officials held rates at their October meeting.

Bitcoin trails a record $266 billion equity-fund rush

Global equity funds drew a record $266 billion over four weeks, according to BeInCrypto, citing the Kobeissi Letter. The pace picked up last week, when funds attracted $89 billion worldwide, including $32 billion for U.S. equity funds.

Since 2020, U.S. equity funds have received $2.1 trillion, the Kobeissi Letter said. Of that, $1.5 trillion arrived since the start of 2024. Emerging-market Asia equity funds took in $470 billion over the longer period, while European equity funds saw $426 billion in outflows.

Bitcoin also lagged the Nasdaq rebound on Friday. The figures show a divergence in fund flows, but do not establish that equity buying drove Bitcoin lower.

Bitcoin rate-hike odds point to a possible December shift