Bitcoin has retreated below $85,000 after reaching an eight-month high of nearly $87,400 last week, according to Decrypt. The pullback comes as market expectations for a Federal Reserve interest-rate increase in October have strengthened, reducing momentum behind the recent cryptocurrency rally. The move places Bitcoin below its latest peak while traders assess the potential impact of a higher-rate outlook on the digital-asset market. Decrypt identified rising October hike bets as a factor weighing on Bitcoin’s breakout, but provided no additional details on the timing or scale of the decline. Bitcoin remains the primary asset in focus, while Monad (MON), NEAR Protocol (NEAR), Ontology (ONT), and Tagger (TAG) are listed as related market assets.
