Bitcoin price news: BTC rally faces key hurdle with Wednesday Fed meeting, inflation data

Bitcoin's recent rally experienced a pause on Tuesday as investors await the Federal Reserve's decision on Wednesday. After briefly exceeding $76,000, Bitcoin (BTC) retreated to around $74,000. The market widely anticipates the Fed will maintain current interest rates, but the focus is on Chairman Jerome Powell's commentary regarding future rate adjustments and the impact of rising oil prices. Analysts at Bitfinex suggest a hawkish stance from the Fed, signaling no further rate cuts, could negatively impact risk assets. The February Producer Price Index report, released alongside the Fed's announcement, is also expected to influence market sentiment. Market expectations are shifting towards a 'higher-for-longer' rate path, with potential rate cuts now anticipated later in 2026. Analysts predict price action will likely remain within the $74,000–$76,000 range in the short term.

(Source：CoinDesk)