Bitcoin Holds Steady Near $77K Ahead of Fed Rate Decision

The Bitcoin price is hovering around $77,000 in US markets as investors await the Federal Reserve's policy decision scheduled for September 16.

According to CoinDesk and market data, Bitcoin has been trading at roughly $77,000 ahead of the Fed meeting, with some analysts attributing its sideways moves to macro data and central-bank expectations.

Reuters reported that traders assign a high probability of a rate hike at the September 16 decision, citing a roughly 85% chance, which is contributing to increased volatility across crypto and equity markets.