Fed Rate Hike Odds Meet Senate Crypto Vote

The Federal Reserve is facing an 85% chance of implementing its first rate hike in 2026, according to Fed Chair Kevin Warsh. This news comes as President Trump continues to demand rate cuts. Meanwhile, the Senate will be voting on the CLARITY Act, a bill that aims to establish a federal framework for digital assets such as Bitcoin and Ethereum.

The uncertainty surrounding interest rates and the potential approval of the CLARITY Act has sent shockwaves through global markets. The BoJ's decision to raise rates at a 30-year high on Friday could combine with any hawkish FOMC projections to spark broad volatility in the crypto market.