Bitcoin Gains as Investors Weigh Fed Rate Hike Bets
Bitcoin gains in Asia as investors weigh a rise in U.S. producer prices against Fed officials’ signals of little urgency to act.
Bitcoin rose in Asia. In a note, VT Markets Dubai's Mahmoud Mashal said a larger-than-expected increase in U.S. producer prices had revived expectations for additional Fed tightening. However, Fed officials have indicated little urgency to act, lowering the implied odds of an October rate hike.