Markets · August 29, 2026 · 1 min read

Bitcoin Slides to $76,845 as Fed Rate-Hike Odds Jump to 55.7%

Published August 29, 2026

Bitcoin extended its post-Jackson Hole slide Saturday as CME-tracked odds of a September Fed rate hike climbed further, from 46% Thursday night to 55.7%.

**Bitcoin drops to a $76,845 session low** as Fed rate-hike bets keep climbing — CME FedWatch data cited by Reuters shows the implied probability of a September 16 hike jumping to 55.7%, up from 35.4% just on Thursday, with BTC down as much as 3.8% intraday from Thursday's ~$80,275 close. **Why it matters for beginners:** when traders price in higher odds of a Fed rate *increase* instead of a cut, it tends to strengthen the dollar and push up real (inflation-adjusted) yields — both of which make non-yielding assets like bitcoin less attractive. This extends Friday's reaction to Fed Chair Warsh's Jackson Hole speech, when the same rate-hike odds measure stood at just 46%.

Follow the data

Relevant directory links appear to be unassigned.

Sources

Related News

U.S. Consumer Price Index Increases 0.4% in August 2026 as Energy Costs Accelerate

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in August 2026, up from 0.1 percent in July. Over the last 12 months, the all-items index grew 3.4 percent before seasonal adjustment, remaining unchanged from the annual pace recorded in July. Gasoline prices accounted for more than one-third of the monthly gain, rising 3.9 percent. Meanwhile, core CPI, which excludes food and energy, rose 0.3 percent month-over-month and 2.4 percent on a 12-month basis.

U.S. Consumer Price Index Rises 0.4% in August as Gasoline Prices Accelerate Inflation

The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers increased by 0.4 percent on a seasonally adjusted basis in August 2026, accelerating from a 0.1 percent gain in July. On an unadjusted basis, the headline all-items index rose 3.4 percent over the 12 months ending August, matching the annual pace recorded in the prior month. The monthly increase was primarily driven by energy costs, as gasoline prices jumped 3.9 percent and accounted for over one-third of the headline monthly increase. Meanwhile, core CPI—which excludes food and energy components—rose 0.3 percent month-over-month and 2.4 percent year-over-year, reflecting modest upward pressure in shelter and transportation services.

U.S. Consumer Price Index Rose 0.4 Percent in August 2026 as Energy Costs Rebounded

The U.S. Consumer Price Index for All Urban Consumers increased 0.4 percent month-over-month in August 2026 on a seasonally adjusted basis, driven significantly by a 3.9 percent surge in gasoline prices, according to data released by the Bureau of Labor Statistics. Over the 12 months ending August 2026, total CPI rose 3.4 percent unadjusted, matching the annual pace recorded in July. Core CPI, which excludes food and energy, increased 0.3 percent for the month and 2.4 percent year-over-year.