Trump respects Fed decision as bitcoin falls below $76,000
- —CME FedWatch: probability of a 25 basis point rate hike exceeds 92%
- —Bitcoin fell more than 3%, dropping below $76,000
- —Crypto market capitalization declined 2% to $2.6 trillion
- —Investors are also awaiting the Senate vote on the CLARITY Act on September 15
Why it matters: A rate hike would reduce liquidity and dampen demand for risk assets, adding pressure on bitcoin and altcoins.
Source: Blockmedia