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Goldman Sachs Flips to a Rate Hike as Bitcoin’s Price Stalls Under $80,000

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Goldman Sachs abandoned its forecast that the Federal Reserve would hold rates through 2026 and now expects a 25-basis-point increase next week, days after a hotter-than-expected inflation print pushed hike odds above 86%. The Reversal As recently as July 31, Goldman Sachs was the loudest institutional voice arguing the Fed would sit still. The bank […] Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike expectations increase market risk aversion, pressuring BTC price.

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Goldman Sachs Flips to a Rate Hike as Bitcoin’s Price Stalls Under $80,000 — Crypto Insight