Bitcoin Remains Pressured by Rate-Hike Expectations -- Market Talk
Dow Jones2026/09/01 05:010501 GMT - Bitcoin edges lower in Asia, staying below $80,000 as rate-hike expectations weigh. It's going to be a cautious few weeks for Bitcoin ahead of the Fed's next meeting, where markets are pricing a 25bp hike at about 65%, says IG's Tony Sycamore. One hike in isolation should not be a gamechanger as Bitcoin looks to build on its August rally, the analyst says. But two or three might be, and at this point IG sees about 60bp of Fed rate hikes priced by June 2027. From a technical perspective, dips back into the mid-to-low $70s will likely be well-supported, says Sycamore. A sustained break above the $81,500/$83,000 resistance area will be needed to signal that a move toward $95,000-$100,000 is underway. Bitcoin slip 0.2% to $78,725. (fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
September 01, 2026 01:01 ET (05:01 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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