On September 15, iShares Bitcoin Trust declined 3.06% in regular trading, trading at $43.32/share, with turnover of $376 million. The sell-off comes as Bitcoin hovered near $79,000-$80,000, weighed down by a confluence of macro headwinds ahead of the Federal Reserve's September 15-16 rate decision.
CME FedWatch data shows the probability of a 25-basis-point rate hike to 3.75%-4.00% has climbed above 90%, while Goldman Sachs and HSBC both revised forecasts to anticipate September tightening, citing persistent inflation with August CPI rising 0.4% month-over-month. The 10-year U.S. Treasury yield broke above 5% for the first time since 2023, triggering broad risk-asset selling across equities, commodities, and crypto. Oil prices remaining above $92/barrel further constrain the Fed's room for dovish pivots. Analysts note Bitcoin faces a critical support zone at $75,000-$76,000, with Coinglass data showing $17.88 billion in cumulative long liquidation intensity if BTC breaches $75,222.
The iShares Bitcoin Trust seeks to reflect generally the performance of the price of bitcoin.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)