According to CoinMeta, the recent golden cross at the daily level for Bitcoin failed to hold, and the 50-day exponential moving average fell back below the 200-day exponential moving average. The price of Bitcoin once rose to $79,837, before dropping back to around $77,438, representing a 1.19% increase for the day. Market expectations for a Federal Reserve interest rate hike have increased, with CME FedWatch data showing that the probability of a 25-basis-point hike at the Fed's September meeting has risen to 86.5%.