#BTC

🔔 Bitcoin Price Wobbles Ahead of Fed Rate Decision

Bitcoin ($BTC) dipped to $59,500 on Binance as markets brace for tomorrow’s FOMC meeting. While interest rates are expected to stay steady (95.6% odds via CME FedWatch), investors remain cautious amid rising stagflation concerns.

📊 Key Stats: • Current Fed rate: 525–550 bps

• Only 4.4% expect a rate cut

• Just 1 cut expected this year vs 6 previously

• 36% chance of no cuts at all in 2024

⚠️ Stagflation Looms?

GDP Q1 2024 slowed to 1.6% (vs. 3.4% prior)

Core PCE inflation rose to 3.7% (up from 2.0%)

Fed Chair Powell signals no confidence boost from recent data and hints at prolonged high rates.

💥 Bitcoin briefly surged above $64K on the back of spot BTC & ETH ETF launches in Hong Kong, but the rally lost steam amid macro uncertainty.

Stay alert—volatility could spike post-Fed announcement!

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