Bitcoin Rides High Above $80,000 Amid Fed Uncertainty
Bitcoin has begun the new week above $80,000 after briefly dipping below $75,000 during last week's Federal Reserve decision. The central bank raised its key rate to 3.75%-4.00% with a unanimous 12-0 vote, citing that US economic activity continues at a solid pace but inflation remains too high.
The market reaction was initially sharp, with Bitcoin experiencing volatility around the announcement, before recovering above $80,000 by the end of the week. This return to rate increases marks a shift in monetary policy, as the Fed had cut rates several times in 2024 and 2025.
Investors are now focused on what's next for the Federal Reserve, with eight speeches from officials scheduled this week. These interventions will likely impact expectations of monetary policy and, subsequently, risk assets like Bitcoin.