Bitcoin near $77,250 as Fed rate-hike odds reach 86.5%

  • Bitcoin traded near $77,250 while futures markets priced an 86.5% chance of a quarter-point Federal Reserve rate increase.
  • Ethereum and XRP remained relatively stable as Treasury yields approached 5% and Bitcoin stayed below the roughly $82,000 level reached earlier in the month.
  • Treasury’s $4 billion longer-dated bond buyback operations run from September 9 through November 4, while digital-dollar rulemaking remains an issue through 2027.

Bitcoin traded near $77,250 three days before the Federal Reserve’s September 16 interest-rate decision, with futures markets pricing an 86.5% chance of a quarter-point increase. Ethereum and XRP also held relatively stable despite Treasury yields approaching 5%, suggesting resilience in a higher-rate environment. The expectations followed August consumer prices rising 0.4% after a 0.1% increase in July, lifting annual inflation to 3.4%. Custodia Bank CEO Caitlin Long said Treasury’s growing influence over longer-dated bonds and digital-dollar rules could prove more consequential than the immediate rate decision.

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