Bitcoin at $76,380 ahead of Fed meeting: market expects rate hike
- —CME FedWatch: 86.5% for a rate hike to 3.75-4.00%
- —Goldman Sachs changed forecast to +25 bps in September
- —16 out of 20 forecasters expect a rate hike in September
- —Bitcoin trades at $77,300, support at $76,380
Why it matters: Market reaction depends on Fed forecasts: a hint of further tightening will increase pressure on risk assets and Bitcoin.
Source: Coindoo