Key week for bitcoin: Fed, Bank of Japan and CLARITY Act vote
- —CME estimates the probability of a 25 bps Fed rate hike at 87%
- —The Senate votes on the CLARITY Act on September 15, with 60 votes needed
- —The Bank of Japan may raise rates to 1.25%, threatening a carry trade unwind
- —BTC scenarios: from $72,000 in the worst case to above $80,000 in the best case
Why it matters: The week's outcomes will determine the trajectory of BTC and the entire market for the fourth quarter: rates and the fate of the CLARITY Act will set the direction.
Source: BitcoinBázis