🟡 Bitcoin Wobbles Before Fed Decision — What’s Going On?

Bitcoin (BTC) slipped to $59,500 on Binance today, just before tomorrow’s big FOMC (Federal Open Market Committee) meeting. 😬

Traders are on edge as the Fed is expected to keep interest rates unchanged — but it’s the long-term outlook that’s shifting fast.

🔍 The Numbers

According to the CME FedWatch Tool:

• 95.6% expect no change in rates (holding at 5.25%–5.50%)

• Only 4.4% believe we’ll see a rate cut

That’s a huge turnaround. Just 4 months ago, many were betting on 6 rate cuts this year. Now?

• The market expects just 1 cut

• Odds of no cut at all? 36%

• Chances of 2+ cuts? Down to 31%

📉 Stagflation Risk on the Rise

Inflation’s not falling fast enough, and growth is slowing — that’s a combo known as stagflation.

Here’s what’s happening:

• US GDP grew only 1.6% in Q1 (vs 2.2% forecast)

• Core PCE inflation jumped to 3.7% from 2.0%

Fed Chair Jerome Powell says the data hasn’t boosted their confidence. Translation?

👀 Don’t expect cuts anytime soon. Rates may stay higher for longer.

📊 BTC Reacts to Macro Moves

Bitcoin fell below $62K earlier this week on stagflation fears.

A brief pump above $64K came after the Hong Kong launch of spot BTC & ETH ETFs — but it didn’t last.

With the Fed meeting tomorrow, investors are playing it safe. 🧊

$BTC