Three Fed scenarios that will move bitcoin and XRP on Wednesday
- —The rate is currently 3.5–3.75%, and in July three Fed members already wanted a hike
- —A mild hike without threats: bitcoin could stabilize or recover
- —A hawkish signal of further hikes would increase pressure on crypto, with XRP falling harder than BTC
- —An unexpected pause would trigger a bounce, but the reaction could be brief if data is weak
Why it matters: Warsh's tone on further steps will determine the direction of BTC and XRP for weeks ahead.
Source: Crypto Insiders