Bitcoin Braces for Fed Move and Clarity Act Vote

Bitcoin could see a sharp move in the next 48 hours. Traders are watching the Federal Reserve’s rate decision and progress on the Clarity Act, which analysts view as a potential trigger for the wider crypto sector.

Economist Jim Bianco argues the market has already priced in an 80–90 % chance of a hike, leaving the Fed with little room to back down. He notes that 10-year Treasury yields have climbed to 5 % even as the Fed cut rates, something unseen in six decades.

Energy prices add another layer of risk. Ukrainian strikes have hit 34 of Russia’s 39 refineries, knocking out roughly 60 % of capacity and tightening diesel supplies, which could feed political pressure ahead of U.S. elections.

Views on bitcoin itself remain split. Bloomberg Intelligence’s Mike McGlone highlights its stock-market correlation and an oversupply of tokens, while Jordi Visser sees tailwinds from AI-driven finance and tokenization, projecting a possible 15- to 20-fold long-term gain.

Based on information from https://cryptonews.net