Analysis: Bitcoin Remains Range-Bound Near $80,000 as Market Reassesses September Rate Hike Expectations

A Bitfinex Alpha report indicates that while the probability of a 25 basis point rate hike on September 16 has risen to approximately 60%, Bitcoin remains range-bound between $77,200 and $82,100. High US Treasury yields, with the 2-year yield at 4.37% and the 30-year at 5.24%, continue to pressure risk assets. Bitfinex suggests that while ETF inflows and stablecoin supply growth provide support, Federal Reserve policy expectations and high yields limit upside potential, with inflation pressures potentially reinforcing rate hike expectations.