Bitcoin Stagnates Near $77K Ahead of Fed Rate Decision

The Bitcoin price was hovering around $77,000 in US markets as investors anxiously awaited the Federal Reserve's policy decision ahead of its September 16 meeting. This level of trading activity comes amid expectations that the Fed will raise interest rates, with traders assigning an approximately 85% probability to a rate hike at the upcoming decision.

According to CoinDesk and market data, Bitcoin had slipped modestly in recent sessions but remained pinned near the mid-$70,000s. Market commentators have linked Bitcoin's sideways moves to macroeconomic data and central-bank expectations, with analysts warning that a rate increase tends to raise the dollar and short-term yields, which can pressure speculative assets.

Volume and liquidations data have shown episodic sell pressure in recent days as leverage unwound, according to aggregated reporting from trading feeds. Some trade trackers reported waves of liquidations in the latest pullbacks even as spot prices stayed near $77,000.