Rate Hike Fears Hit 71%: What's Next for Bitcoin, Stocks, and Risk Assets

The Federal Reserve's expected interest rate hike has surged to 71%, driven by rising oil prices and higher Treasury yields, which are fueling inflation concerns.

This development is putting pressure on Bitcoin and stocks as traders anticipate a risk-off sentiment triggered by the potential rate increase.

Fed guidance may be more crucial than the actual hike itself, as a hawkish outlook could lead to increased crypto volatility.