Bitcoin fell below $77,000 as softer July JOLTS data failed to reduce expectations for a September Fed rate hike, with the probability of a September increase now at 66%. Oil above $90, elevated Treasury yields, and sticky ISM prices have kept rate-hike pressure on Bitcoin. US spot Bitcoin ETFs recorded $236.46 million of net outflows on Sept. 1, removing institutional support as Bitcoin slipped below $77,000. West Texas Intermediate settled at $90.22 per barrel while Brent gained to $94.65, reinforcing inflation concerns.
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