August Inflation Figures Boost US Interest Rate Hike Expectations

A recent announcement from the US has strengthened expectations of an interest rate hike by the Federal Reserve.

The August inflation figures released in the US have shown a significant increase, bolstering the chances of a Fed rate hike.

Grayscale's manager noted that there may be temporary pressure on the crypto market due to this development.

Pandl suggested that those who missed out on the recent surge in Bitcoin prices might see limited opportunities for retreat at around $77,834.