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Bitcoin tests $81,000 with heated inflation and Fed uncertainty
The probability of a Federal Reserve rate hike in October rose from 18% to 29% following hotter-than-expected inflation data. With this macroeconomic uncertainty, Bitcoin is operating in a consolidation range, testing the $81,000 mark. The dynamics show how movements in American monetary policy continue to be a central factor in Bitcoin's behavior. As long as inflation remains elevated, the market tends to stay alert to Fed signals before taking more aggressive positions. Category: Market and Macroeconomics Source: https://decrypt.co/381008/bitcoin-tests-81000-as-rate-hike-fears-linger-after…