Bitcoin Stalls Below $80,000 Before the Fed Verdict

1h ago•

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bearish:

A gigantesque Bitcoin coin sits on a metallic platform already slightly tilted downward. Below it, a large glowing dial displays only 76000. Bitcoin is beginning to slide, throwing off a few sparks, but is still far from an uncontrolled drop. Above, in front of an imposing building inspired by the Federal Reserve, a central banker has his hand on a huge mechanical lever connected to the platform. If he pushes the lever further, the entire platform seems capable of tilting sharply. However, his hand is captured right before making the decision.

A few hours before the Fed decision, more than a dozen banks are betting on a 25 basis point rate hike, an outcome currently credited with an 87.3% probability by the market. The main causes are more persistent inflation than expected and an oil price above 100 dollars. Faced with such a tightening of expectations, BTC is trading around 76000 dollars, after having exceeded 79000 dollars. The verdict on Wednesday, September 16, should reshuffle the cards.

L’article Bitcoin Stalls Below $80,000 Before the Fed Verdict est apparu en premier sur Cointribune.

1h ago•

Cointribune

bullish:

bearish: