Bitcoin at $77,500 ignores expensive oil ahead of Fed decision
- —BTC rose 0.5% to around $77,500
- —An attempt to break above $82,000 ended in a pullback
- —The market prices an 86% probability of a Fed rate hike on Wednesday
- —High bond yields and expensive oil weigh on risk assets
Why it matters: The Fed's rate decision will determine Bitcoin's short-term trajectory: a hike could increase pressure on risk assets.
Source: Newsbit