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CryptoThe Defiant · 28d ago

Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000

Traders increased the probability of a quarter-point Federal Reserve rate hike in September to 55.5% on Polymarket, up from 28% on Friday following Kevin Warsh's Jackson Hole speech. Bitcoin declined 0.7% on the day while trading near $78,000, and 88 of the 125 largest non-stablecoin tokens fell in value.

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