Investors flee to stablecoins ahead of Fed decision: net buying rises to 28%
- —Probability of a Fed rate hike on September 16 is 93%, the first hike since July 2023
- —Net stablecoin buying ahead of FOMC is 28% versus an average 8% selling in previous instances
- —Appetite for buying BTC fell from 10% to 3%, for ETH from 23% to 9%
- —Goldman Sachs, JPMorgan and Morgan Stanley expect a 25 bps hike
Why it matters: The shift of capital into stablecoins ahead of FOMC signals caution: the rate decision and Warsh's tone will set the direction for BTC and altcoins.
Source: Bitcoin Sistemi