Bitcoin, Ethereum and XRP Rally at Risk as Fed Rate Hike Odds Surge

Bitcoin, Ethereum and XRP are facing renewed macroeconomic pressure as expectations for a Federal Reserve interest rate hike at the September 15-16 meeting rise sharply. According to the CME FedWatch Tool, markets now price an 86.5% probability that the Fed will raise its target rate by 25 basis points from 3.50%-3.75% to 3.75%-4.00%.