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Bitcoin Drops Toward $77,500 as Fed Rate Hike Bets Surge

CryptoProwl Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin retreated toward $77,500 as hot U.S.
  • inflation figures and elevated crude oil prices pushed Fed rate hike probabilities above 70%.
  • The resulting risk-off sentiment pressured digital assets, overshadowing weekly institutional updates including stablecoin development and exchange funding rounds.
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BTCUSD price history

76793.08 +13.85% over the displayed period

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