CoinShares: Bitcoin shows resilience, but the risk of Fed rate hikes remains unresolved CoinShares analysis points out that the continued weakness of the US housing market provides space for the Federal Reserve to postpone interest rate hikes, but inflationary pressures remain a key constraint on monetary policy. The market generally expects the Federal Reserve to keep interest rates unchanged at its meeting on October 28th, but the recent hot CPI and PPI data still pose a risk of future interest rate hikes. Analysis suggests that if the Federal Reserve unexpectedly raises interest rates in October, it may trigger a greater impact due to exceeding market expectations. Bitcoin has shown relative resilience in the volatility of risk assets this week, supported by a rebound in spot demand, improved stock market sentiment, and short covering. However, the future trend of the cryptocurrency market will still be mainly affected by interest rate expectations and changes in liquidity. The policy buffer brought about by the weak housing market is not enough to offset inflation risks.