Bitcoin Falls Below $85,000 as October Fed Hike Odds Rise
Bitcoin retreated from last week's eight-month high as expectations of an October Federal Reserve rate increase grew, according to Decrypt.
Bitcoin dropped below $85,000 after reaching roughly $87,400 last week, Decrypt reported.
Last week's peak marked an eight-month high. The subsequent pullback has pared back some of the cryptocurrency's recent gains.
The retreat came alongside rising expectations that the Federal Reserve could raise interest rates in October, weighing on the rally.
Source: Decrypt
