Goldman Sachs Sees October Fed Hike as Crypto Market Recovers

The crypto market is showing signs of recovery after a volatile week marked by the Senates failure to advance the CLARITY Act and the Federal Reserves latest interest rate increase. Bitcoin has climbed back above $76,000, while several major altcoins have also stabilized despite concerns over tighter U.S. monetary policy. The Federal Reserve raised its benchmark interest rate by 25 basis points on September 16, a move that appeared to have been largely anticipated by financial markets. Attention is now shifting toward the Feds October meeting, with Goldman Sachs reportedly expecting…  Read more

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