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Markets · August 29, 2026 · 1 min read

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

By Econ Data Tools Editorial Team

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%.

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