According to CoinMeta, the market currently expects the probability of the Federal Reserve raising interest rates at its meeting on September 15-16 to have risen to 87%. Analysis indicates that despite rising Treasury yields and increased expectations for rate hikes, Bitcoin has still shown resilience. Higher interest rates could put pressure on Bitcoin by reducing liquidity and demand for risk assets. August CPI data shows that inflation is still above the Federal Reserve's target of 2%, prompting a significant change in market expectations for rate hikes. Almost all economists now expect a 25-basis-point rate hike in September, and interest rate futures have raised the probability of a hike from 72% to 87%.