Bitcoin Falls Toward $74,000 as Fed Governor Waller Backs December Rate Hike
What happened
Federal Reserve Governor Christopher Waller backed a December interest rate hike, sending Bitcoin down toward the $74,000 mark and triggering a risk-off slide across equity futures.
The Context
* London policy signal: Speaking at the Bank of England Watchers Conference on November 10, 2026, Waller confirmed support for at least a 25 basis point rate increase at the December 8–9 FOMC meeting, irrespective of upcoming CPI data. * Inflation trigger point: Waller stated that a core CPI print of 0.3% or higher month-over-month would justify evaluating a 50 basis point hike to protect Fed credibility against broadening price pressures. * Coordinated market retreat: Cryptocurrencies and U.S. stock index futures dropped in tandem, reflecting asset repricing following persistent inflation concerns that originated in September.
The Number
— the market-implied probability of a 25 basis point Federal Reserve rate hike in December 2026, up sharply following Waller's remarks.
Takeaway
Expect risk assets to remain under pressure until incoming inflation data confirms whether the Fed delivers a standard quarter-point adjustment or accelerates to a 50 basis point tightening.
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