Bitcoin has slid to about $77,700 as a September rate hike came back into play. Will BTC close below $75,000 before Sept 8?

Bitcoin did not close below $75,000 before the Sept. 8 deadline. After sliding to roughly $77,700 in late August on rising expectations of a September Federal Reserve rate hike, Bitcoin stabilized and climbed back above $80,000 in early September, trading between roughly $79,300 and $82,000 through the first week of the month. On Sept. 3 it touched a local high near $82,283 before closing at $81,264, then eased as the market weighed hawkish comments from Fed Chair Kevin Warsh and stronger-than-expected August jobs data released Sept. 4, both of which reinforced the case for a rate increase. A wave of leveraged-position liquidations around Sept. 7-8, tied to thin holiday liquidity and repeated failures to hold $80,000, pushed the price down to about $78,180-$78,700 intraday, but it held well above the $75,000 threshold. The community had leaned heavily toward "yes" (77%), expecting the slide to extend toward $75,000, but the market instead found support in the high $70,000s. The next major catalyst was the Fed's Sept. 15-16 meeting, where the rate decision was expected to resolve the uncertainty driving the volatility.