Bitcoin consolidates, gold tests $4,200 as market awaits two more Fed hikes
- —46% of market participants expect a 25 bps rate hike in October
- —41% of investors price in a 4.25%-4.50% rate after the December FOMC
- —$746 million was withdrawn from Bitcoin ETFs over two days from September 15
- —BTC is defending $75,600 support; a trend change requires a close above the 20-day EMA at $76,800
Why it matters: Further Fed tightening strengthens the dollar and pressures BTC and gold, while ETF outflows raise the risk of a return to $74,900.
Source: CoinGape