Bitcoin Holds Steady as Fed Signals Hawkish Stance

The muted volatility response is the real signal here: a hawkish Fed hold and rising December hike odds would normally jolt risk assets, yet bitcoin's implied volatility index closed flat. That suggests positioning is already light or that traders treat the policy path as secondary to other drivers. The test ahead is whether that indifference holds if hike odds keep climbing — a flat vol index alongside rising tightening expectations is the divergence worth watching.