- Bitcoin trades below $77,000 on Friday, after losing over 2% the previous day.
- The chances of a rate hike at the Fed’s September meeting are over 70%, weighing on crypto investors’ sentiment.
- Raydium and Falcon have sustained gains over the last 24 hours.
Bitcoin (BTC) price trades below $77,000 on Friday, extending its capitulation from the previous week’s high at $82,300. Broader market consensus points to a higher likelihood that the US Federal Reserve (Fed) could raise interest rates at the September meeting, as inflation concerns rise amid the war with Iran. Raydium (RAY) and Falcon (FF) have sustained gains over the last 24 hours, emerging as top performers.
US inflation concerns weigh on crypto
The US Producer Price Index (PPI)…
