Market prices in 87% odds of a Fed rate hike: what it means for bitcoin and gold
- —Probability of a 25 bps rate hike is about 87%, lifting the range to 3.75–4.00%
- —A hawkish Fed signal threatens to push bitcoin down to $73,300 and gold to $4,250
- —A dovish Fed tone would support both assets, but bitcoin will be more volatile than gold
Why it matters: The Fed decision and rate forecasts will set the direction for bitcoin and the broader crypto market in the coming weeks.
Source: Coin Edition