CoinShares: bitcoin unlikely to hold above $80,000 by year-end
- —The Fed removed rate cuts through 2027 from its dot plot, with further hikes possible
- —Rising energy prices due to Iran fuel inflation and the risk of a rate hike
- —The CLARITY Act vote failed 49-50 on September 16, with bitcoin falling to $75,000
- —Seven Democratic senators, including Gillibrand, back continued bipartisan talks
Why it matters: The absence of rate cuts and the delay of market structure legislation limit capital inflows into bitcoin through year-end.
Source: CoinPost