Bitcoin and Gold Face Pressure as Fed Signals More Rate Hikes

Bitcoin and gold remain under pressure after the Federal Reserve raised interest rates by 25 basis points on September 16, its first hike since 2023. The unanimous FOMC decision lifted the federal funds target range to 3.75%-4.00% as policymakers responded to elevated inflation. The rate increase initially pushed Bitcoin (BTC) back into its consolidation range while gold (XAU) retested the $4,200 area. Attention is now shifting toward the Feds remaining 2026 meetings as traders assess the possibility of additional monetary tightening. The next scheduled FOMC decisions are October 28 and…  Read more

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