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Crypto Macro

Bitcoin Stuck Near $80K as Markets Eye Sept Rate Decision

Bitcoin remains range-bound between $77,200 and $82,100, facing resistance near $82,000. Markets now price a 60% chance of a 25bps rate hike on September 16, while Treasury yields pressure risk assets: 2-year at 4.37%, 30-year at 5.24%. ETF inflows and stablecoin supply growth may support BTC, but Fed policy expectations and high yields cap upside.

Original source

AI take

The market's focus is squarely on Fed policy, with rate hike odds dominating sentiment and Treasury yields acting as a gravitational force on risk assets. Bitcoin's range-bound behavior suggests a standoff between supportive structural flows—ETF inflows and stablecoin supply—and macro headwinds. The key question is whether the rate decision on September 16 will break the current equilibrium or reinforce it. If high yields persist, upside may remain limited despite underlying demand.

Generated by AI for reference only.

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