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Bitcoin edges lower as odds of October Fed rate hike jump to 75 percent

Bitcoin slips back to around $84,490 as markets factor in a greater chance of additional U.S. Federal Reserve rate hikes amid rising inflation concerns. CME FedWatch puts the probability of an October rate increase at about 75 percent and December at about 59 percent. The Fed raised its benchmark rate by 0.25 percentage point on Sept. 16 to a 3.75 to 4 percent target range. Most major cryptocurrencies move lower or flat, while derivatives liquidations total $348.33 million.