Bitcoin is approaching a two-stage test tied to the US Federal Reserve’s inflation data and interest-rate decisions, according to CryptoSlate. Policymakers will have the Consumer Price Index (CPI) available when they make their decision, but the official August Personal Consumption Expenditures (PCE) report will not yet be available. The absence of that key inflation measure leaves markets to assess the rate outlook using incomplete data. CryptoSlate said the resulting uncertainty could challenge expectations for future rate cuts and create a second market test on Sept. 30. The report highlights the sensitivity of Bitcoin and other crypto assets to shifts in expectations around monetary policy. Market participants will therefore be watching the available inflation data and the Fed’s decision for signals that could influence the broader crypto market.
