EconomyWhy Bitcoin initially held its gain as September rate-hike odds rose to 85%
August inflation sent mixed signals to the Federal Reserve: gasoline drove much of the headline increase, while monthly core inflation accelerated. Futures traders raised the odds of a 25-basis-point hike at the September 15-16 meeting from about 70% to 85%, while Bitcoin briefly gained 2.08% to $78,683 before slipping toward $77,500 in thin weekend trading.
Why Bitcoin initially held its gain as September rate-hike odds rose to 85%
Economy