Bitcoin at $77,250 ahead of Fed rate decision
- —Bitcoin trades around $77,250, pulling back from a peak near $82,000
- —Probability of a 25 bp Fed rate hike is estimated at 86.5%
- —US inflation accelerated to 3.4% y/y in August, with a 0.4% m/m rise
- —The US Treasury has doubled long-bond buybacks since September 9 to $4 billion per operation
Why it matters: A rate hike could increase pressure on risk assets, while the shift of stablecoin regulation to the Treasury changes market rules through 2027.
Source: BeInCrypto CN