August core CPI rose 0.3% MoM, pushing CME FedWatch-implied odds of a September 16 Fed rate hike to roughly 85–86.5%. Bitcoin has been trading in a defensive $76,400–$78,200 range as markets price in tightening risk.
Matters because: a confirmed hike would raise leverage costs and could pressure risk assets broadly, though stalled U.S. Treasury bond buybacks could offset some of that over time.