Fed and Senate: crypto market awaits rate decision and CLARITY Act
- —The Fed will announce its rate decision on Wednesday, with a rise to 3.75-4.00% expected
- —The probability of a 25 bps hike is estimated at 87%
- —$462.73 million left bitcoin ETFs over the week, ending an inflow streak
- —Ethereum ETFs saw $197.11 million in inflows; BTC at $77,580, ETH at $2,512
Why it matters: A rate hike and the outcome of the CLARITY Act vote will set the market's direction for the week.
Source: BTC-ECHO