Fed Rate Hike Looms as Inflation Drops

The Federal Reserve's upcoming meeting on September 16 is expected to bring significant changes in interest rates, which could impact the crypto market. Core inflation has dropped to around 3%, and markets are pricing a 60-66% chance of a 25 basis point increase.

This rate hike would strengthen the dollar and raise real yields, potentially negatively affecting Bitcoin and broader crypto markets.

However, if rates hold steady, it could boost risk assets by signaling confidence in inflation's decline.