Bitcoin holds $78,000 as traders price September rate hike at 55.5% on Polymarket
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· body · New information from a source
Bitcoin held above $78,000 as hawkish Federal Reserve signals shifted trader expectations.Polymarket priced a quarter-point rate hike in September at 55.5%, up from 28% on Friday, following comments from Kevin Warsh at Jackson Hole.Bitcoin was down 0.7% on the day but up 24.5% since the start of August, while 88 of the 125 largest non-stablecoin tokens declined.- Traders on Polymarket shifted bets toward a Federal Reserve rate increase in September to 55.5% following Kevin Warsh's Jackson Hole speech, up from 28% on Friday afternoon.
- Bitcoin held steady above $78,000 while 88 of the 125 largest non-stablecoin tokens declined amid the hawkish repricing.
· summary · New information from a source
Bitcoin remained near $78,000 while Polymarket traders raised bets on a Fed rate increase to 55.5% following Kevin Warsh's Jackson Hole remarks.- Polymarket now prices a quarter-point September hike at 55.5%, up from 28% Friday, as Bitcoin remains near $78,000.
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Traders on Polymarket shifted bets toward a Federal Reserve rate increase in September to Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon.
following Kevin Warsh’s Jackson Hole speech, up from Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon.
on Friday afternoon. Bitcoin held steady above Live updates: Bitcoin holds $78,000 as yen breaks 160 and rate-hike bets lift the dollar.
while 88 of the 125 largest non-stablecoin tokens declined amid the hawkish repricing.
Sources: CoinDesk, The Defiant
This article is for information only and is not financial advice.
What the market did
Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.
Story so far 2 updates
- flashBitcoin holds $78,000 as Polymarket traders price September rate hike at 55.5%first reported · 2 sourcescoindesk.com · thedefiant.io
- flashBitcoin holds $78,000 as traders price September rate hike at 55.5% on Polymarketupdate · 2 sourcescoindesk.com · thedefiant.io
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