Market-implied odds of a September Federal Reserve rate hike sit at about 58%, well below the roughly 90% that some commentary had flagged. The measure was downgraded after a hawkish speech by Kevin Warsh on Friday, and market observers now play down expectations of a near-term tightening. The rate path is a macro factor that shapes risk appetite and liquidity for the broad cryptocurrency market, so shifts in policy expectations feed directly into digital asset prices.
CoinDesk