Fed Rate Hike Looms: What's Next for Bitcoin?

The Federal Reserve is expected to raise interest rates today, with a 92.7% chance of a hike according to interest rate futures.

This has traders worried across both the crypto and stock markets, as it could have significant implications for assets like Bitcoin and gold.

Kevin Warsh, appointed by Donald Trump as Fed Chair, faces pressure from the president to cut rates, but with inflation running at 3.4%, a hike is seen as necessary.

Warsh's press conference, rather than the rate hike itself, will be closely watched for signs of future policy direction.