Bank of America Warns of 50 bps Fed Hike in December: Is Bitcoin Heading for Another 2022-Style Drop?

Bank of America warns that hot CPI could lead to a 50 basis point Fed rate hike in December. Historically, Bitcoin fell a week later after 5 of the last 6 big hikes, raising concerns of a 2022-style drop. Investors are bracing for potential volatility as the Fed's policy decisions loom.