Bitcoin held steady despite pressure from rate hikes! Even if traders are betting that the probability of a September rate hike is as high as 85%, BTC (the big one) still managed to hold its gains. This round of inflation was mainly driven by gasoline prices, but core inflation also remained strong, so Waller's hawkish rate-hike warning remains valid. In the short term, Bitcoin has shown resilience and may have already digested expectations of the hike. However, once a rate hike actually happens in September, the market could pull back somewhat. In the long run, a sustained inflationary environment could actually turn into a tailwind for Bitcoin. $BTC #加密货币 #Fed
Bitcoin held steady despite 85% odds of September rate hike. Gas prices drove most of August's inflation, but core inflation stayed strong, keeping Waller's hawkish stance alive. BTC showing resilience, suggesting market may have already priced in the hike. Short term could see some volatility if hike happens, but long term, inflation environment might actually benefit Bitcoin as a hedge. $BTC #Crypto #Fed
Bitcoin held steady despite 85% odds of September rate hike. Gas prices drove most of August's inflation, but core inflation stayed strong, keeping Waller's hawkish stance alive. BTC showing resilience, suggesting market may have already priced in the hike. Short term could see some volatility if hike happens, but long term, inflation environment might actually benefit Bitcoin as a hedge. $BTC #Crypto #Fed