Bitcoin (BTC) begins the third week of September positioned underneath essential weekly support zones while participants monitor indicators of potential price swings.
- The United States Federal Reserve is projected to increase benchmark borrowing costs by 0.25% on Wednesday amid persistent inflation alongside a tightening oil-supply pinch.
- The Senate is scheduled to hold a vote on Tuesday regarding whether to advance the cryptocurrency CLARITY Act, marking a critical turning point for market sentiment.
- Bitcoin concluded last week beneath its 50-week moving average situated near $77,400, although a bullish RSI divergence remains active.
Fed’s Warsh seen hiking rates despite Trump pressure
The Federal Reserve captures primary attention for risk-asset speculators this week as Wednesday’s resolution regarding borrowing costs governs overall market sentiment.
Driven by elevated inflation together with cautious remarks delivered by chair Kevin Warsh, the Fed is widely anticipated to lift benchmark borrowing costs by 25 basis points to a target range of 3.75-4% despite several dissenting members supporting unchanged rates. This setup mirrors the circumstances surrounding the Fed’s July rate determination, Originally published at https://cointelegraph.com/markets/clarity-act-vote-meets-fed-rate-hike-five-things-to-know-in-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound.
