Bitcoin braces for Fed decision as rate hike odds hit 92%
- —The Fed will announce its rate decision on Wednesday, the Bank of Japan on Friday
- —The probability of a 25 basis point Fed rate hike is estimated at 92%
- —Markets are pricing more than 80% odds of a hike according to CME FedWatch
Why it matters: A Fed rate hike would increase pressure on bitcoin and risk assets, shaping market dynamics for the week.
Source: Coinotag