Bitcoin awaits Fed rate decision below $76K as analysis discounts ‘dovish surprise’ odds
Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.
Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.
Bitcoin (BTC) stayed near monthly lows at Wednesday’s Wall Street open as markets awaited the US Federal Reserve’s decision on interest rates.
Data from TradingView showed BTC/USD trading below $76,000 after hitting new September lows of $74,960 the day prior.
The meeting marks just one of three central-bank rate decisions this month. The European Central Bank enacted a 0.25% hike last week, while the Bank of Japan is expected to do likewise at its Friday meeting, bringing its benchmark rate to 1.25%, its highest in 31 years.