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Bitcoin defies oil price spike and rising Fed hike bets after best August since 2017

The Block·September 1, 2026·1 min read
Bitcoin defies oil price spike and rising Fed hike bets after best August since 2017

Bitcoin held steady despite higher oil prices and growing expectations for a September Fed rate hike. Friday's jobs report is next in focus. The cryptocurrency's resilience follows its best August since 2017, with traders watching macroeconomic signals for further price direction.

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