Bitcoin holds firm above $86,000 as traders price out October Fed rate hike

Bitcoin $BTC consolidated around $86,000 as traders continued to price out expectations of a Federal Reserve rate hike in October. The U.S. dollar $EURUSD climbed to an 18-month high, yet cryptocurrencies held their ground amid shifting monetary policy expectations.

Market sentiment has gradually shifted toward a longer-term uptrend in bitcoin, with some analysts questioning whether late entry participants have missed the move. Central bank policy divergence and rising yields remain key drivers of near-term volatility. #crypto #markets #fed