BTC falls to $77,000 ahead of expected Sept. 16 Fed rate hike
- —U.S. inflation accelerated to 3.4% year-on-year in August
- —CME FedWatch: probability of a Sept. 16 rate hike is 86.5%
- —BTC trades around $77,043, down 0.78% in 24 hours
- —The U.S. Treasury raised long-term bond buybacks to $4 billion
Why it matters: A rate hike would increase pressure on risk assets, but U.S. Treasury liquidity measures could soften the blow to the crypto market.
Source: Siam Blockchain