Bitcoin Eyes Strong Week on Fading Rate Hike Bets
Bitcoin is poised for a potentially strong week as bets on an October Federal Reserve rate hike have dwindled to below 20%. The cryptocurrency is currently testing $87,000, with a next target of $90,000.
Bitcoin could be on for another strong week after October rate hike bets collapsed, Coin Bureau's Nic Puckrin writes. Bitcoin is testing $87,000 despite elevated bond yields as the probability of an October Fed hike fell to below 20%. "The next target is the psychologically significant $90,000, and…