Bitcoin is back below $81,000 as Fed rate uncertainty weighs. Kospi plunges 8%
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
AI summary
Bitcoin fell below $81,000 as uncertainty over Federal Reserve interest rate policy weighed on risk assets, with the Kospi index plunging 8%. Bets on an October Fed rate hike briefly spiked to nearly 50% following Wednesday's inflation report before cooling. A trader would care because rising rate-hike odds pressure speculative assets like crypto, and the sharp equity sell-off signals broader risk-off sentiment that could keep bitcoin under pressure.
