Crypto Markets Face Potential Speed Bump as Fed Rate Hike Looms

Grayscale's Head of Research, Zach Pandl, predicts a potential 'speed bump' for cryptocurrency markets due to recent U.S. inflation data.

The August Consumer Price Index showed that headline CPI rose 0.4% month over month while the annual rate remained at 3.4%, with core inflation easing to its lowest level since 2021 at 2.4%

Pandl does not expect a severe cryptocurrency correction, but rather limited weakness that could give investors who missed the August advance another opportunity to build positions.