Bitcoin Volatility Spikes as Rate Fears Meet ETF Demand

Bitcoin's recent price surge is facing a fresh test as market participants grapple with growing expectations for tighter U.S. monetary policy.

The cryptocurrency has been holding above $77,100 but is showing volatility in its next move, according to Bitfinex Alpha.

In a significant milestone, Bitcoin closed above $80,000 on August 27, reaching an intraday high of $81,500 before falling to $76,857 following Federal Reserve Chair Kevin Warsh's Jackson Hole remarks.