Bitcoin Tests $81,000 as Rate Hike Fears Linger After Hot Inflation Data

Crypto Insight Summary: Odds of an October Fed hike have climbed to 29% from 18% a week ago, and analysts see Bitcoin range-bound until the picture clears. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike concerns pressure BTC price in the short term.