Bitcoin at $77,250 before Fed decision: market prices in 86.5% hike odds
- —Probability of a 25 bp Fed rate hike is 86.5% on futures
- —Bitcoin trades around $77,250, having shed part of its recent gains
- —August CPI rose 0.4% m/m, with annual inflation at 3.4%
- —Caitlin Long: the Treasury is taking control of stablecoin regulation from the Fed
Why it matters: The Fed's rate decision will determine the short-term trajectory of bitcoin and the entire crypto market.
Source: BeInCrypto KR