Bitcoin holds above $80,000 after Wednesday’s jump as injective rallies on staked ETF listing

The Bank of England hinted at a possible further interest rate hike, but the threshold for taking subsequent action has been raised.

Hut8 used proceeds from the sale of Bitcoin in the third quarter and after the quarter to repurchase and cancel approximately 3.3385 million ordinary shares. Hut8 has increased its buyback authorization to $1 billion.

The CryptoBilis Ledger phishing address deposited 885 ETH, worth approximately $2.14 million, into Tornado Cash two hours ago.

On November 5, the Bank of England raised interest rates by 25 basis points to 4.00%, the first rate hike since August 2023, in line with market expectations. Bank of England Governor Bailey said this is unlikely to be the last interest rate hike unless the war with Iran is resolved.

Traders increased their bets on a December rate hike by the Bank of England, raising the probability to 35%.