Bitcoin Tests $81,000 as Rate Hike Fears Linger After Hot Inflation Data
60-second summary
Bitcoin tests $81,000 as rate‑hike fears linger after hot inflation data, pushing odds of an October Fed hike to 29% from 18% a week ago. Analysts expect the cryptocurrency to remain range‑bound until monetary‑policy clarity emerges, limiting upside potential. Continued uncertainty could suppress broader crypto rally, keeping market sentiment cautious.
Odds of an October Fed hike have climbed to 29% from 18% a week ago, and analysts see Bitcoin range-bound until the picture clears.