Crypto Market Update August 13: Bitcoin Slips Despite Lower Fed Hike Odds but HYPE Defies Bearish Sentiment

The crypto market is down today, August 13, after Iran said that there is no progress in reviving the ceasefire deal with Iran. The geopolitical tensions have overshadowed the bullish outlook from a softer CPI print after easing US inflation reduced the odds of the Fed hiking rates in the September FOMC meeting to 33%.