Bitcoin investors observed the Federal Reserve’s possible September rate increase after Rob Kaplan, Goldman Sachs vice chairman, warned of persistent inflation. The price outlook for Bitcoin stays tied to monetary‑policy cues, while broader crypto markets monitor the Fed’s signals.
Fed Rate‑Hike Outlook
Kaplan told Bloomberg TV that if inflation data do not ease before autumn, a pre‑emptive rate hike would become “the wiser thing to do.” He added that any September adjustment could be followed by one or two additional hikes, reflecting the typical pattern of incremental policy moves.
Market Reaction
Investors quickly shifted away from short‑term government bonds after Fed Chair Kevin Warsh reinforced a hawkish stance post‑meeting. Two‑year Treasury yields rose as much as 17 basis points, hitting their steepest single‑day gain since March before easing to 4.17% during Asian trading