BTC Fear & Greed Drops to 20/100 as BTC Fails to Revisit $20,000

US Treasury Secretary Janet Yellen and FOMC members’ speeches provided a bullish afternoon session. Yellen eased fears of latent inflation, with reports of Federal Reserve members considering moving away from gas, providing support for riskier assets.

Less hawkish talk saw bets for a 75 basis point rate hike in November and December dented, but not enough to signal a break from the 75 basis point hike in November.

According to the FedWatch tool, the probability of a 75 basis point hike in November was 88.0%, down from 98.4% on Thursday. For December, the Fed talks had a more significant impact, as the probability of a price hike dropped 75 points from 75.4% to 50.6%.

In response to the change in sentiment against the Fed, the Nasdaq 100 rose 2.31%.

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