Bitcoin Holds, Wall Street Stalls as Oil Shock Revives Fed Hike Bets
60-second summary
Bitcoin defends its “golden zone” support as the S&P 500 trades within its narrowest range, both awaiting Friday’s inflation data ahead of the Federal Reserve’s September 16 rate decision; the recent oil price shock revives expectations of an additional Fed hike, prompting traders to scrutinize how tighter monetary policy could pressure crypto valuations and broader market liquidity.
Bitcoin is defending its golden zone support while the S&P 500 grinds inside its tightest range yet, both waiting on Friday's inflation report before the Fed's September 16 rate call.