Forex
Bitcoin Edges Lower Amid Interest Rate Hopes and Regulatory Uncertainty
Bitcoin's price slipped on Wednesday as investors awaited the US interest rate decision and grappled with the stalled Clarity Act, a bill aimed at regulating the cryptocurrency market. The bill had been under consideration for over a year but was unable to pass due to political disagreements.
The CME FedWatch Tool showed futures markets pricing in a 92% probability of a quarter-point rate hike ahead of today's Federal Reserve decision.
Bitcoin's price changed by $136.85, or 0.18%, to $75,946.75. Ethereum and XRP also saw minor changes, with prices down 2.59 USD (0.11%) and up 0.0042 USD (0.33%), respectively.