Goldman Sachs Flips to a Rate Hike as Bitcoin's Price Stalls Under $80,000
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5 Articles
Bitcoin Stalls After CPI Surge: Is BTC Rally Momentum Losing Steam?
BTC recovered above $79,000 but struggled to sustain momentum after mixed CPI signals. Rate hike odds rose to 85%, while Treasury yields created additional headwinds. Bulls need $80,000 and stronger ETF flows to support a move toward $85,000. Bitcoin — BTC, pushed back above $79,000 after traders absorbed fresh US inflation data. The move followed a sharp dip toward $76,000 before buyers returned. However, the recovery quickly lost some strength…
The crypto market is entering a new phase of uncertainty as Goldman Sachs reviews its monetary scenario. The U.S. bank is now forecasting an increase in Fed rates next week, after a stronger underlying inflation than expected in August. This change comes as the bitcoin evolves under $80,000. Investors have adjusted their expectations, with a probability of increase now approaching 90%. The decision of September could weigh on the market reaction…
Goldman Sachs Flips to a Rate Hike as Bitcoin's Price Stalls Under $80,000
Goldman Sachs abandoned its forecast that the Federal Reserve would hold rates through 2026 and now expects a 25-basis-point increase next week, days after a hotter-than-expected inflation print pushed hike odds above 86%. The Reversal As recently as July 31, Goldman Sachs was the loudest institutional voice arguing the Fed would sit still. The bank […]
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BITRSSGoldman Sachs Flips to a Rate Hike as Bitcoin’s Price Stalls Under $80,000
Goldman Sachs abandoned its forecast that the Federal Reserve would hold rates through 2026 and now expects a 25-basis-point increase next week, days after a hotter-than-expected inflation print pushed hike odds above 86%. The Reversal As recently as July 31, Goldman Sachs was the loudest...
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