Bitcoin awaits Fed rate decision below $76K as analysis discounts ‘dovish surprise’ odds
60-second summary
Bitcoin holds near $68,000 support as traders price a 93% probability the Federal Reserve will raise rates by 0.25% on Wednesday, dampening hopes for a dovish surprise. Analysts note that without a rate cut, Bitcoin is unlikely to breach $76,000 before the decision, keeping bullish momentum restrained and market volatility elevated.
Bitcoin price support materialized around $68,000 as markets saw a 93% chance of the Fed hiking rates by 0.25% on Wednesday.