Bitcoin holds above $77,000 as September hike bets firm
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Bitcoin maintained gains above $77,000 amid firming market expectations for a Federal Reserve rate hike in September. Despite tighter Fed bets that typically pressure risk assets, BTC's ability to hold this level reflects strong demand—likely supported by ongoing spot ETF inflows and reduced volatility. Key implication: while a September hike could introduce short-term volatility and limit upside, persistent ETF demand and investor confidence may keep Bitcoin buoyant unless macro surprises trigger heavier selling.
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