Bitcoin Falls Below $80,000 as Rate-Hike Odds Top 50%

Bitcoin fell below the $80,000 level during trading.

As of 10:29 p.m. on May 15 in Korea, Bitcoin was trading at $79,564, down 0.88% from a day earlier, according to CoinMarketCap.

The decline came as worsening sentiment coincided with rising odds of an interest-rate increase.

In the US interest-rate futures market, traders are increasingly factoring in the possibility of further tightening by the Federal Reserve. On prediction-market platform Kalshi, the probability that the Fed will raise rates by January 2027 was above 50%.