Why Bitcoin Price Could Reach $88,000 Despite Rising Odds Of Fed Rate Hikes
The post Why Bitcoin Price Could Reach $88,000 Despite Rising Odds Of Fed Rate Hikes appeared on BitcoinEthereumNews.com. Bitcoin (BTC) price might reach $88,000 because it is currently 11.2% lower than the ETF Flow Impact Score (EFIS). But the move here is facing an obstacle of a potential increase in interest rates by the Federal Reserve. The odds of this happening are now at 49% despite Kevin Warsh taking over the helm of the Fed after Jerome Powell’s term ends today, May 15. Bitcoin traded at $80,069 at the time of writing with a 0.35% gain. Odds of Fed Rate Hikes Soar as Jerome Powell’s Tenure Ends Data from the CME FedWatch Tool shows that there is a 49% chance that the Fed will increase interest rates between October and December 2026. 26.7% expect the Fed to increase rates by 25 basis points in October, while 2.8% expect a 50% hike. As for December, 38% expect a 25% basis point hike while 9% expect a 50 basis point increase. These increasing odds come even as Powell, who has be