Bitcoin traders brace for Fed hike, but a surprise hold could pose bigger risk
Bitcoin is stuck near $80,000 as traders build stablecoin positions that could return to the market once Fed uncertainty clears.
Source: CoinDesk
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DW NOTE
The Fed is expected to hike into a supply shock it cannot fix. Oil is up 68% year-over-year because the Strait of Hormuz has been closed for two months, not because demand is running wild — yet the response is to tighten credit conditions for businesses that have no control over tanker routes. Stablecoins sitting out the decision will return to a market where the macro backdrop has worsened, not improved.