Markets pivot to September Fed rate hike: Five things to know in Bitcoin this week
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Markets tilt toward September rate hikes: Five things to know in Bitcoin this week
This week’s CPI and PPI prints, along with the Fed’s Sept. 16 rate decision, could determine whether Bitcoin can secure $80,000 as a support level.
The probability of the Federal Reserve keeping interest rates unchanged in July is 73.3%, and the probability of a rate hike in September is 52.7%.
According to ChainCatcher, citing Jinshi, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 73.3%, and the probability of a cumulative 25 basis point rate hike is 26.7%. By September, the probability of keeping interest rates unchanged is 32.4%, the probability of a cumulative 25 basis point rate hike is 52.7%, and the probability of a cumulative 50 basis point rate hike is 14.9%.
The probability of the Federal Reserve keeping interest rates unchanged in July is 74.3%, and the probability of a rate hike in September is 46.2%.
According to ChainCatcher, citing Jinshi, CME's "FedWatch" shows that the probability of the Federal Reserve keeping interest rates unchanged in July is 74.3%, and the probability of a cumulative 25 basis point rate hike is 25.7%. By September, the probability of keeping interest rates unchanged is 42.9%, the probability of a cumulative 25 basis point rate hike is 46.2%, and the probability of a cumulative 50 basis point rate hike is 10.8%.
Bitcoin Rises as Markets Digest Inflation Data Ahead of Fed Rate Decision
Inflation held at 3.4% and core cooled annually, but a hot monthly core reading kept Fed hike odds near 62% while crypto markets rallied broadly.
Bitcoin fund flows show investors trading Fed rate path, not exiting market: CoinShares
Bitcoin’s struggle to break $80,000 comes as markets price in a growing chance of a September rate hike, putting monetary conditions back in focus.
Bitcoin Holds, Wall Street Stalls as Oil Shock Revives Fed Hike Bets
Bitcoin is defending its golden zone support while the S&P 500 grinds inside its tightest range yet, both waiting on Friday's inflation report before the Fed's September 16 rate call.