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Traders Make a September Rate Increase the Favorite as Bitcoin Holds $78,000
Published Source: The DefiantRead original
Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Bearish BTC / Bearish Altcoins Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Rate hike expectations pressure crypto markets, but Bitcoin remains resilient above $78K.