Bitcoin is back below $81,000 as Fed rate uncertainty weighs
Summary
Bitcoin has fallen back beneath the $81,000 threshold following renewed uncertainty regarding future monetary policy from the Federal Reserve. Although market speculation surrounding a potential interest rate increase experienced a temporary surge after the recent inflation data release, those expectations have since decreased.
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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