Bitcoin Holds Firm Ahead of Expected 90% Rate Hike Odds

The crypto market is bracing for the Federal Reserve's interest-rate decision on September 16, which is expected to have a significant impact on Bitcoin. According to data from Fox News, there is a 90% likelihood of a rate hike by 25 basis points at the upcoming meeting.

Bitcoin has been holding steady around $77,000 over the past two weeks after reaching an all-time high of $81,200 last month. The asset's price has consolidated in the $76,000 to $78,000 range, with some market experts attributing this calm to traders waiting for the Fed's decision.

The broader crypto market is also experiencing a critical consolidation phase, with Bitcoin holding firm around $77k while the wider rally paused. Experts expect the regulator to hike interest rates by 0.25% on Wednesday, which could negatively affect the digital asset market.