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$BTC The hammer of the rate hike has just landed, and the next hammer is already being priced in. A 25 basis point hike in September, the ink is not even dry, and the market has already shifted its focus to October. CME data shows the probability of another 25 basis point hike in October has risen to 55.4%. The dot plot is even clearer: most officials expect at least one more hike this year.