Bitcoin Rebounds Despite Rate Hike as Wall Street Forecasts October Increase

With the U.S. Federal Reserve raising its benchmark rate by 25 basis points, Goldman Sachs has forecasted an additional 25bp increase in October. ANZ, Bank of America (BofA), RBC, and TD Securities also anticipate a rate hike in October. Despite the tightening monetary policy outlook, the digital asset market rebounded, with Bitcoin (BTC) recovering to $76,000. However, CME FedWatch shows a 50%+ probability for an October rate hike, while prediction markets suggest less than 50% likelihood of a 25bp increase.