⚡ Bitcoin $BTC b up 5% after a Fed official leaned toward keeping interest rates unchanged.
Bitcoin rebounded from the $77,000 zone after Federal Reserve Governor Christopher Waller expressed support for keeping rates unchanged at the September meeting. Spot BTC ETF inflows reached $730.8 million; the probability of a rate hike according to CME FedWatch fell from 57% to nearly 50%.
Why is this notable?
The FOMC decision has often been a major price turning point — in 2022, the Fed raising rates from 0.25% to 4.50% drained capital and pushed crypto into a bear cycle.
Simply put:
If the Fed stays dovish and ETFs continue attracting capital, Bitcoin could see real growth; otherwise, rate hikes will create downward pressure.
#Bitcoin #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Please do your own research before making a decision (DYOR).
Bitcoin rebounded from the $77,000 zone after Federal Reserve Governor Christopher Waller expressed support for keeping rates unchanged at the September meeting. Spot BTC ETF inflows reached $730.8 million; the probability of a rate hike according to CME FedWatch fell from 57% to nearly 50%.
Why is this notable?
The FOMC decision has often been a major price turning point — in 2022, the Fed raising rates from 0.25% to 4.50% drained capital and pushed crypto into a bear cycle.
Simply put:
If the Fed stays dovish and ETFs continue attracting capital, Bitcoin could see real growth; otherwise, rate hikes will create downward pressure.
#Bitcoin #CryptoNews
🔗 Source: AMBCrypto
⚠️ This information is for reference only and is not investment advice. Please do your own research before making a decision (DYOR).