The btc price was trading around $77,000 in U.S. markets as investors awaited the Federal Reserve’s policy decision ahead of the Sept. 16 meeting, according to CoinDesk and market data.
CoinDesk reported that “Bitcoin traded at roughly $77,000” in coverage of market moves tied to U.S. inflation prints and policy expectations, noting the cryptocurrency had slipped modestly in recent sessions. That pinning near the mid‑$70,000s comes as traders weigh how higher rates would affect risk assets including bitcoin.
Reuters said investors were focused on the Fed meeting next week and reported that traders assign roughly an 85% probability of a rate hike at the Sept. 16 decision, a backdrop market observers say is increasing volatility across crypto and equity markets.
Crypto-focused sites and market commentators have also linked bitcoin’s sideways moves to macro data and central-bank expectations. CoinDesk’s live updates noted bitcoin was trading near $77,000 after U.S. inflation readings, and CryptoSlate flagged the coin’s retreat toward the low $76,000s in some sessions as markets priced in Fed action.
Analysts say the Fed’s decision matters because a rate increase tends to raise the dollar and short-term yields, which can pressure speculative assets. Reuters and market blogs highlighted the connection between rising Treasury yields and tightening financial conditions, which traders cite when trimming leveraged crypto positions ahead of major policy announcements.
Volume and liquidations data have shown episodic sell pressure in recent days as leverage unwound, according to aggregated reporting from trading feeds; some trade trackers reported waves of liquidations in the latest pullbacks even as spot prices stayed near $77,000.
Readers tracking the market may also find context in broader financial coverage on this site, including recent pieces about bond-market moves and crypto market volume. See reporting on the 10-year Treasury yield and our cryptocurrency trading roundup for related background.
Sources
- CoinDesk — reported that “Bitcoin traded at roughly $77,000” and provided live market updates tying the move to U.S. inflation and Fed expectations.
- Reuters — said traders assign about an 85% probability of a Fed rate hike at the Sept. 16 meeting and explained market focus on the decision.
- CryptoSlate — noted bitcoin slipping toward the mid‑$70,000s and highlighted volatility ahead of the Fed meeting.
- TradingView — provided intraday market reporting on bitcoin moving around the $76,000–$77,000 band in U.S. sessions.
