News linked to both this project and an event.
Odaily reports: CoinShares analysis indicates that the continued weakening of the U.S. housing market has provided room for the Federal Reserve to pause rate hikes, but inflationary pressure remains a key constraint on monetary policy.On the interest rate front, the market widely expects the Federal Reserve to keep rates unchanged at its October 28 meeting, but recent hotter-than-expected CPI and PPI data leave the risk of further rate hikes in place. Polymarket data shows that as of October 20, the market priced in roughly a 12% probability of a 25 basis point rate hike in October, while CME market pricing suggested about 17%; the market's expected probability of another rate hike in December is about 83%. Analysts believe that if the Federal Reserve unexpectedly raises rates in October, it could trigger a larger shock by exceeding market expectations.Bitcoin showed relative resilience this week amid volatility in risk assets, supported by recovering spot demand, improved stock market sentiment, and short covering. However, the subsequent trajectory of the crypto market will still be mainly influenced by interest rate expectations and changes in liquidity, and the policy buffer provided by housing market weakness is not yet sufficient to offset inflation risks.
Odaily News: Some analysts expect that the 10-year U.S. Treasury yield could rise to 6%, driven by concerns over the federal fiscal deficit, debt growth, and capital competition. Since the end of 2023, the yield has risen to 5.23%, while Bitcoin's price has roughly doubled to $86,000.If yields rise due to fiscal concerns, investors may seek alternatives to government debt, and Bitcoin could benefit; if the rise in yields is driven by the Federal Reserve tightening monetary policy again, Bitcoin could come under pressure. (CoinDesk)