Bitcoin Hits 12-Week Low as Fed Rate Fears Erase Most of Summer Rally
Key Highlights: Bitcoin remains about 16% above its late-June low near $59,000 but has fallen roughly 21% from its autumn peak around $86,000. U.S. spot Bitcoin ETFs recorded approximately $1.49 billion in net outflows across six consecutive sessions. Markets are pricing in a 91.9% probability of a 25-basis-point Fed rate increase in December, while Bitcoin’s ...