⚡ 50/50 odds of the Fed raising rates in September, Bitcoin $BTC is edging closer to the $82,000 mark.
CME FedWatch data shows expectations of a Fed rate hike have decreased. Bitcoin is capitalizing on positive sentiment, holding above $80,000 and extending its upward momentum.
Why is it noteworthy?
Changes in U.S. monetary policy expectations provide a boost to risk assets, helping Bitcoin consolidate its rally.
Simply put:
With the likelihood of the Fed raising rates reduced, there’s less pressure on the market—giving Bitcoin more fuel to move higher.
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decision (DYOR).
CME FedWatch data shows expectations of a Fed rate hike have decreased. Bitcoin is capitalizing on positive sentiment, holding above $80,000 and extending its upward momentum.
Why is it noteworthy?
Changes in U.S. monetary policy expectations provide a boost to risk assets, helping Bitcoin consolidate its rally.
Simply put:
With the likelihood of the Fed raising rates reduced, there’s less pressure on the market—giving Bitcoin more fuel to move higher.
#Bitcoin #CryptoNews
🔗 Source: BeInCrypto
⚠️ Information is for reference only and not investment advice. Please do your own research before making any decision (DYOR).