Key week for Bitcoin: Fed decision and CLARITY Act vote
- —Probability of a 25 bps Fed rate hike on Wednesday is 85–90%
- —Senate vote on the CLARITY Act is Tuesday, needs 60 votes
- —BTC fell from $82,400 to below $78,000 amid Fed expectations
- —US inflation at 3.4%, PPI accelerated to 5.4%, oil above $100
Why it matters: A rate hike and the outcome of the CLARITY Act vote will set the market's direction for weeks to come.
Source: CryptoPotato