Bitcoin is left stranded as Fed projections flip to 54% chance of rate hikes this year
CryptoSlate
Bitcoin faces downward pressure as shifting Fed projections suggest a 54% probability of interest rate hikes by the end of 2026.Summary
Bitcoin is currently facing a significant macro-economic test as CME FedWatch data indicates a 54.1% probability of a Federal Reserve rate hike by December 2026. This shift, driven by rising Treasury yields and a strengthening dollar, has undermined the anticipated narrative of central bank easing. The emergence of spot Bitcoin ETFs has integrated the cryptocurrency more closely with traditional financial markets, making it increasingly sensitive to interest rate fluctuations. Consequently, Bitcoin is experiencing notable institutional outflows, with investors closely watching the $76,000 to $77,000 price range to see if demand can hold firm against tighter global financial conditions.
(Source：CryptoSlate)