Crypto· Bitcoin

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

Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon. Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.

By AI NewsroomPublished 3 days agoUpdated about 8 hours ago4 views

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

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Key Facts

Fact 1: Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon.
Fact 2: Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.
Fact 3: Brent crude is above $90, gold is lower for a second session and U.S.
Fact 4: Bitcoin held above $78,000 and is on course to finish August with its largest monthly gain since November 2024.

Prediction market traders now put a Federal Reserve rate increase ahead of a hold for the September meeting, after Chair Kevin Warsh told the Jackson Hole symposium on Friday that this summer's inflation readings had not convinced him underlying trends were improving. Bitcoin has given back less than a percent through that repricing and through a weekend exchange of strikes between the United States and Iran. Brent crude is above $90, gold is lower for a second session and U.S.

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