Bitcoin wilts as Fed rate uncertainty weighs. Kospi plunges 8%
60-second summary
Bitcoin falls as Fed rate‑cut uncertainty returns, while South Korea’s Kospi slides 8% after an inflation report briefly lifted odds of an October rate hike to nearly 50% before easing; the swing in monetary expectations rattles risk assets, prompting traders to reduce exposure, which could suppress crypto demand and keep Bitcoin’s price under pressure.
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.