93% Chance of a Fed Rate Hike Today. What Happens to Bitcoin Now?

Interest‑rate futures put a 92.7% chance on the Federal Reserve raising rates on Wednesday, leaving traders on both crypto and equity markets uneasy.

Fed rate‑hike odds

The CME FedWatch tool shows the odds of no change at 7.3% and zero odds of a cut. The Fed’s target range remains 3.50% to 3.75%.

Political backdrop

President Donald Trump appointed Kevin Warsh with a promise to cut rates, but inflation is running at 3.4%, limiting that option. Analysts note that political pressure and the upcoming midterm elections are influencing the Fed’s decision‑making.

Impact on Bitcoin and gold

Both Bitcoin and gold are non‑interest‑bearing assets, so cheaper money typically supports them. At the time of writing, Bitcoin was near $76,022, down 1.17% over 24 hours, while gold traded around $4,340 an ounce, up 1.4%.

When August inflation data surprised expectations on September 11, Bitcoin fell from roughly $77,100 to $76,050 within a minute, and gold slipped before recovering.

What traders watch

Beyond the quarter‑point move, traders will focus on Kevin Warsh’s press conference for clues about future policy direction.