Bitcoin faces interest rate hikes and legislative pressure, analysts predict autumn volatility range

According to Nikkei News, Bitcoin is facing pressure from rising expectations of US interest rate hikes and stagnant cryptocurrency legislation. Analyst Xiangshi Xishan stated that if expectations of US interest rate hikes sharply increase, Bitcoin prices may fall to $50000. The Digital Asset Market Clarity Act in the United States has encountered obstacles in its congressional review. On September 15th, the US Congress will vote on whether to end the related discussions. The probability of the bill being passed within 2026 has dropped to less than 20%. In addition, potential IPOs of AI companies such as OpenAI and Anthropic may divert venture capital funds. The market is currently concerned about whether Bitcoin can stabilize in the $60000 to $85000 range in the autumn.