Core CPI higher than expected; CoinShares research head says Bitcoin's short-term upside is limited

Odaily: CoinShares Head of Research James Butterfill said that Bitcoin is currently facing both short-term bearish and medium-term bullish factors. U.S. August core CPI rose 0.3% month-over-month, higher than market expectations; CME FedWatch data shows that market bets on a Federal Reserve rate hike at the next meeting briefly reached 85%, and this data may limit Bitcoin's short-term upside.