Will the Fed Raise Rates on September 16? Polymarket Now Says 83%. Here's What It Means for XRP and Bitcoin - 24/7 Wall St.
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Bitcoin, Ethereum, XRP Rally Falters as Fed Rate Hike Odds Hit 86%
A looming Fed rate hike threatens the fragile rally across Bitcoin, Ethereum and XRP. Traders raised the odds of a Fed rate hike at the September 16 meeting to 86.5%, according to the CME FedWatch tool. The shift follows fresh inflation data and puts pressure on the broader crypto market this week. Bitcoin Faces Fed Rate Hike Pressure Before FOMC Meeting The probability of a Fed rate hike jumped from near 70% before the August inflation report. …
While a slowdown or stagnation in inflation in August could have led to a more indecisive Monetary Committee on 16 September, the new and rising publication brought markets together with the idea of an almost certain rate increase, the first in three years.
Bitcoin stands close to $78,700 before FOMC, with the market betting on an increase in rates despite August inflation. The Bitcoin entry holds the $78,700 against Fed: the market already counts a rise in rates aparece primero en Merca2.
What Will Happen to Bitcoin Next Week If the Fed Raises Interest Rates—or If It Doesn’t? A Chinese Founder Weighs In
Yi Lihua, founder of Liquid Capital, addressed the impact of the Fed's interest rate decisions on the cryptocurrency market in his latest statement. Continue Reading: What Will Happen to Bitcoin Next Week If the Fed Raises Interest Rates—or If...
Liquid Capital founder Yi Lihua stated that the strengthening interest rate hike expectations in the last two days have led to divergence in the cryptocurrency market regarding direction, and drew attention to two possible scenarios and three important investment opportunities for the upcoming period. According to Yi Lihua, if the FED actually raises interest rates, Bitcoin could fall below the $76,000 level in the short term and decline for a w…
Bitcoin, Ethereum and XRP Rally at Risk as Fed Rate Hike Odds Surge
Bitcoin, Ethereum and XRP are facing renewed macroeconomic pressure as expectations for a Federal Reserve interest rate hike at the September 15-16 meeting rise sharply. According to the CME FedWatch Tool, markets now price an 86.5% probability that the Fed will raise its target rate by 25 basis points from 3.50%-3.75% to 3.75%-4.00%. The odds were around 70% before the latest U.S. inflation data showed consumer prices rising 3.4% year over year…
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