Crypto
Bitcoin Holds Firm Ahead of Fed Rate Decision
The price of Bitcoin is holding steady near $65,000 as traders await the Federal Reserve's interest-rate decision on Wednesday.
While many expect the Fed to leave rates unchanged at 3.5% to 3.75%, there is a 30% chance of a surprise hike, according to CME's FedWatch Tool.
The upcoming rate decision carries uncertainty due to Chair Kevin Warsh's ambiguous forward guidance on interest rates.
Higher interest rates can pressure assets like Bitcoin by making safer investments more attractive, but the June inflation data has provided some breathing room for policymakers.