Bitcoin has held around $77,000 as the crypto market waits for the Fed’s interest-rate decision this week. According to data shared by Fox News, the Federal Reserve is anticipated to increase interest rates by 25 basis points for September this week. Market experts now bet on a 90% likelihood of a rate hike at Wednesday’s Fed policy meeting . After touching $81k last month on August 27, the asset slipped back to the $76k-$78k range, where it has hovered over the last two weeks. This retreat signals a cool-off in momentum after the recent market rally that helped it recover from a low of $59k to a high of $81k.
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