Bitcoin has slipped back below $85,000 after tagging an eight-month high near $87,400 last week, with rising odds of an October Fed hike taking some air out of the rally.
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The price of the bitcoin fell back to $83,200 after crossing the $86,000 threshold earlier this week. Indeed, the rise in bond yields and the probability of rising the Fed's rates put an end to this recovery. The Bitcoin bounces back because of the Fed appeared first on Cointribune.