CoinScoopCoinShares: Two Factors Could Break Bitcoin Out of Range Trading Amid 60% Fed Rate Hike Probability
According to CoinShares, Bitcoin is currently trading as a hedge against inflation. Head of Research James Butterfill noted that conflicting signals from Federal Reserve officials regarding a potential September rate hike have left the market uncertain, with current probabilities for a hike hovering around 60%.
Summaries are written by AI from the original article. Not investment advice.