A divided Federal Reserve approved a 0.25% rate cut, but concerns over inflation and growth, as well as Glassnode data highlighting BTC’s “fragile range,” may keep it under $100,000.
On Wednesday, the US Federal Reserve approved a 25-basis-point interest rate cut, marking the third this year and aligning with market expectations. Typical of its previous pre-FOMC price action, Bitcoin rallied above $94,000 on Monday, but the media’s hawkish depiction of the rate cut reflects a Fed that is divided over the future of US monetary policy and the economy.
Given the “hawkish” label associated with this week’s rate cut, it’s possible that Bitcoin price could sell on the news and remain range-bound until a new momentum driver emerges.
CNBC reported that the Fed’s 9-3 vote is a signal that members remain concerned about the resilience of inflation, and that the rate of economic growth and pace of future rate cuts could slow in 2026.
