Crypto prices continue to drift somewhat lower ahead of the opening of the U.S. stock market on Friday.
Bitcoin (BTC) is now down 1.7% over the past 24 hours to $62,600, extending its week-over-week decline to just shy of 4%. Ether (ETH) is down similarly.
Bitcoin’s low for August was roughly $62,300.
The S&P 500, meanwhile, appears poised for another record high, with futures pointing to a modest opening gain.
The interest rate outlook is boosting all risk markets except crypto. Odds of a September rate hike — which were nearly 70% just one month ago — have pulled back to just 30%.
