Bitcoin Edges Lower as Caution Dominates Ahead of Fed Decision
Dow Jones11:07
0307 GMT - Bitcoin edges lower in Asian trade, down 0.1% at $80,793.87. Markets are likely cautious ahead of the Federal Reserve's decision this week, says Van Ha Trinh, financial markets strategist at Exness. Markets expect one rate increase before year-end and further tightening in 2027. "That outlook has supported the U.S. dollar and provided a floor for Treasury yields, creating a less favorable backdrop for bitcoin," the strategist says. Renewed optimism around artificial intelligence has improved broader risk sentiment, but momentum has so far failed to translate into meaningful demand for the cryptocurrency, the strategist says.
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