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Bitcoin eyes $74K; Fed hike bets 96%

Bitcoin fell 1.3% to $74,080, and Nasdaq 100 futures slipped 0.4% as Federal Reserve governor Christopher Waller said he would support a 25-basis-point rate increase at the Dec. 9 FOMC meeting. Waller said he would still support that increase if inflation improved, but substantially higher-than-expected inflation could call for stronger action.

October US consumer price data had not yet been released. A 0.3% monthly increase was expected, compared with September’s 0.6%. The Bureau of Labor Statistics said the release would include only month-on-month figures because the 2025 US government shutdown had reduced data availability.

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