Bitcoin Rebounds Above $82,000 as Fed's October Rate Hike Odds Fall to 12%

Odaily Report: Bitcoin News posted on X that Bitcoin rose about 2.4%, hitting a five-day high near $82,830 and rebounding from a low near $80,600 caused by weekend selling. Market expectations for another Fed rate hike have declined significantly, with traders now pricing in about a 12% probability that the Fed will raise rates at its October 28 meeting. Higher-than-expected U.S. inflation data last week had briefly sparked concerns about further monetary tightening; meanwhile, falling oil prices and U.S. Treasury yields improved investor sentiment.