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Bitcoin Stalls Below $80K as Hawkish Fed Signals Spark Rate Hike Fears

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin remains capped below $80,000 as hawkish Federal Reserve commentary lifted September rate hike probabilities to 60%.
  • Rising Treasury yields also pressured gold prices, while Brent crude climbed on Middle East tensions and USD/JPY traded near 159.85 amid potential joint intervention speculation.
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BRENT price history

107.31 +67.33% over the displayed period

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