Wild Bitcoin Prediction Ahead of the FOMC: Here’s What Could Trigger a Pump

Will BTC jump above $82,000 or face another leg down? The CLARITY Act did not receive enough support in the US Senate, so it could not move to official discussion. This triggered a correction in the broader cryptocurrency market, while the upcoming FOMC meeting may worsen the sector’s condition. The prevailing expectation is that interest rates in the USA will rise by 0.25%, yet analyst Ali Martinez assumed the central bank may be forced to keep the benchmark unchanged, which could propel a BTC price rally. Here’s why. Influence From Trump? Martinez started his thesis by noting the CLARITY Act failure and describing it as “a major setback for one of Trump’s crypto-policy objectives ahead of the November midterms.” Then, he revealed that the odds of a 25-basis-point rate hike following the FOMC meeting, scheduled for later today (September 16), are roughly 93%, with only a small minority expecting the figure to stay the same. According to the analyst, the smaller group may actually get it right this time. He pointed to the approaching midterms in the US, arguing that Trump needs a political win and that another rate increase could create more economic pressure, possibly hurting his ...