CoinScoopBitcoin faces 87% Fed hike odds Wednesday: Will Treasury save the rally?
Bitcoin trades near $77,250 as futures markets price an 86.5% chance of a quarter-point interest rate hike by the Federal Reserve this Wednesday. Following a 0.4% rise in August consumer prices, the Fed committee appears divided. While Bitcoin has retreated from recent highs, Custodia Bank CEO Caitlin Long suggests that the Treasury Department's actions, rather than the Fed's, are the primary driver of current market conditions.
Summaries are written by AI from the original article. Not investment advice.