HashKey: Another Fed Rate Hike Would Hurt Bitcoin More Than CLARITY Act Failure
- —The Fed raised rates by 25 bps on Sept. 16 to 3.75%-4.00%, with all 12 votes in favor
- —The Senate rejected the CLARITY Act on Sept. 15 in a 49-50 vote, short of the 60 needed
- —The 10-year Treasury yield hit 5.20% during trading on Sept. 24
- —Spot Bitcoin ETFs saw about $6.1 million in net inflows in the week ended Sept. 18
Why it matters: A Fed hike in October could be read as the start of a tightening cycle, capping Bitcoin's upside momentum.
Source: DiarioBitcoin