Traders Anticipate Surprise Fed Rate Hike Ahead of July Decision

Prediction market traders are bracing for a potential surprise from the Federal Reserve as they adjust their odds on the central bank's July decision. Recent data revisions and inflation prints have altered expectations, creating uncertainty for Bitcoin and the broader crypto market reaction.

Traders now price in a higher chance of an unexpected 25-basis-point move, echoing the volatility seen in the last six months when similar policy surprises triggered sharp swings across risk assets.