Brent Crude Surpasses $106 as Rate Hike Odds Hit 64% Amid Crypto Sell-Off

Brent crude oil prices rose above $106 while the probability of a rate hike reached 64% following August producer price data of 0.4% and a surge in 30-year Treasury yields to five-year highs. Most major non-stablecoin tokens declined, with Bitcoin trading at $77,120. Meanwhile, Ether.fi gained 14.2% following a buyback vote concluded last week.