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Home›Crypto›Bitcoin›Bitcoin slips back below $85,000 as Fed hike bets rise

Bitcoin slips back below $85,000 as Fed hike bets rise

Bitcoin moved off an eight-month high near $87,400 last week as markets increased expectations for an October Fed rate hike.

Reported · Written up by our desk · Bitcoin

Bitcoin has pulled back, slipping below $85,000 after briefly topping an eight-month high near $87,400 last week, according to Decrypt.

The outlet links the cooling move to rising odds of an October Federal Reserve rate hike, which has taken some air out of the prior rally.

Decrypt reports that the shift in rate-hike expectations has contributed to Bitcoin losing momentum after its recent strength.

Latest closeBitcoin $84,057.78 ▼0.4%

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Sources

DecryptBitcoin Breakout Cools as Fed Rate-Hike Bets Climb

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