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Bitcoin ($BTC) is trading below $65,000 as markets brace for a Federal Reserve policy decision, with the central bank widely expected to hold interest rates steady while inflation sits near a three-year high.
The meeting doubles as Warsh's first test at the helm of the Federal Open Market Committee, and lingering concerns tied to Strategy add a further layer of uncertainty to the price picture.
Why a Rate Hold Still Moves Markets The Federal Open Market Committee — the Fed panel that sets the U.S. benchmark interest rate — is expected to leave borrowing costs unchanged at its upcoming meeting.
That may sound like a non-event, but for an asset like Bitcoin that produces no yield, rate expectations function as a gravitational pull: when rates stay high, income-bearing alternatives keep their relative appeal and capital tends to stay where it earns a return.
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