🇺🇸 The U.S. Senate is preparing for a decisive vote on the CLARITY Act on September 15.
📌 The bill seeks to establish clearer federal rules for the cryptoasset market and better define the roles of the SEC and the CFTC.
⚠️ If it moves forward: it could strengthen positive market sentiment and increase expectations for clearer regulatory guidance.
📉 If it doesn’t: it could create pressure and volatility in cryptocurrencies.
And there’s more: on September 16, the Federal Reserve’s decision on interest rates will be released. In other words, we’ll have two major catalysts for the crypto market in sequence.
The CME FedWatch points to an 86.5% probability that the Federal Reserve will raise interest rates from 3.50%–3.75% to 3.75%–4.00% at the September 16 meeting.
📉 For Bitcoin, a rate hike tends to increase pressure on risk assets.
Now the market is waiting for the Fed’s decision and, above all, the tone it adopts for the coming months.
🚨 FOMC: THE FED MAY RAISE INTEREST RATES IN SEPTEMBER
On September 15 and 16, the Federal Reserve will decide the direction of interest rates in the US.
📈 The market is currently mainly pricing in the possibility of a 0.25 percentage point increase, while keeping rates unchanged is also on the radar. (Reuters)
The reason? US inflation remains under pressure, increasing the need for a tighter monetary policy.
⚠️ For Bitcoin, higher interest rates can mean pressure on risk assets and greater volatility.
The market will be watching not only the decision, but also the Fed’s remarks about the next steps.
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Bullish
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