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Fed Dot Plot May Outweigh Rate Hike for Crypto Markets

By Markets Desk · 2026-09-16 · Updated 2026-09-16 16:01 UTC
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Illustration: Tradingbird

Markets are pricing in a 93% chance of a Fed rate hike, with analysts suggesting the dot plot will be more critical than the decision itself. Bitcoin is currently trading below $76,000 after failing to pass the CLARITY Act, with on-chain data pointing to $68,000 as the immediate support level before deeper floors appear.

  • Cointelegraph reports that Bitcoin has found support near $68,000 after missing the 60-vote threshold for the CLARITY Act in the Senate, a legislative failure that has shifted market focus entirely to the Fed. Meanwhile, Glassnode data indicates that if the current range breaks, the next major on-chain support levels are located between $62,000 and $65,000.

    Source: Cointelegraph

  • Markets price a 93% chance of a 25-basis-point hike, but the updated dot plot may drive Bitcoin's next move more than the decision itself.

    Source: Yahoo Finance
Based on reporting by Yahoo Finance and Cointelegraph, compiled by the Tradingbird desk.

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