Markets tread water ahead of Fed
Both crypto and traditional markets are barely moving ahead of the Fed’s 2 pm ET policy decision.
Bitcoin and the other major cryptos are roughly flat over the past 24 hours.
The Nasdaq is unchanged on Wednesday too, while the S&P 500 ekes out a 0.2% gain.
The U.S. Dollar Index is flat as well, trading near its 2026 high of 102.16.
Bond yields are rising just a bit, the two-year Treasury up 3 basis points to 4.77% as traders might be looking to hedge the small possibility that the Fed surprises by hiking interest rates.
Also at work on bonds, oil is higher by 3.5% to $103.44 after a report that the Trump administration is prepping to restart attacks against Iran after next Tuesday’s midterm elections.$BTC
Both crypto and traditional markets are barely moving ahead of the Fed’s 2 pm ET policy decision.
Bitcoin and the other major cryptos are roughly flat over the past 24 hours.
The Nasdaq is unchanged on Wednesday too, while the S&P 500 ekes out a 0.2% gain.
The U.S. Dollar Index is flat as well, trading near its 2026 high of 102.16.
Bond yields are rising just a bit, the two-year Treasury up 3 basis points to 4.77% as traders might be looking to hedge the small possibility that the Fed surprises by hiking interest rates.
Also at work on bonds, oil is higher by 3.5% to $103.44 after a report that the Trump administration is prepping to restart attacks against Iran after next Tuesday’s midterm elections.$BTC