---
title: "Coinbase Institutional Ties Bitcoin’s Drop to Fed Bets, Not Binance Hack"
url: https://thecoingazette.com/coinbase-institutional-ties-bitcoins-drop-to-fed-bets-not-binance-hack/
date: 2026-11-13
modified: 2026-11-13
lang: en
author: "Coin Gazette Editorial"
description: "October nonfarm payrolls and consumer prices exceeded forecasts. Separately, markets had fully priced in a 25-basis-point December rate increase."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 19
---

# Coinbase Institutional Ties Bitcoin’s Drop to Fed Bets, Not Binance Hack

October nonfarm payrolls and consumer prices exceeded forecasts. Separately, markets had fully priced in a 25-basis-point December rate increase.