MarketsHighSingle-sourceAccelerating
7.3
Markets Price First Fed Hike Since 2023, Testing New Chair Warsh's Credibility
Valor Econômico·US·about 7 hours ago
Bitcoin has recovered from its summer slump but remains well below last year's record. The upcoming US Federal Reserve interest rate meeting next week is seen as a potential trigger for the next major price move, with market participants likely to react to any shift in monetary policy stance.
Entities
Bitcoin (BTC) is holding near $77,000 despite accelerated US CPI in August and anticipated Federal Reserve rate hike. Institutional demand for spot Bitcoin ETFs has weakened, with approximately $500M in net outflows this week. The market appears to be pricing in inflation data without significant volatility, indicating a wait-and-see posture ahead of the upcoming Fed decision.