BTC Surges Past $81K Amid Shifting FOMC Outlook

The cryptocurrency market is experiencing a significant wave of momentum due to shifting expectations ahead of the upcoming U.S. Federal Reserve meeting.

Earlier in the week, market analysts estimated a 60% probability that the Federal Reserve would raise interest rates at its meeting on September 15 and 16.

However, those odds have since fallen to 50.4%, creating a highly anticipated decision point for investors.

This shift in expectations is closely tied to comments from Fed Governor Christopher Waller, who indicated he would support keeping interest rates steady if inflation continues to moderate.

The growing prospect of an interest rate pause has encouraged a return to risk assets, evident across multiple market indicators.