Bitcoin Holds Support as Oil Shock Puts Fed Rate Decision in Focus

Bitcoin is holding above its key “golden zone” support while the S&P 500 remains confined to its narrowest trading range so far, according to Decrypt. Markets are awaiting Friday’s inflation report for fresh signals ahead of the Federal Reserve’s September 16 rate decision. A shock in oil markets has renewed expectations that the Fed could consider another rate hike, keeping pressure on both digital assets and equities. Bitcoin’s ability to defend support contrasts with the S&P 500’s limited movement as investors wait for data that may shape monetary-policy expectations. Brent and WTI crude, gold, Bitcoin, and the S&P 500 are among the assets in focus, while the report also tracks several crypto markets. With the inflation reading due before the Fed meeting, the data is positioned as the next major catalyst for market direction.