Bitcoin holds near $80,000 despite renewed Fed rate hike fears as CPI test looms
60-second summary
Bitcoin hovers near $80,000 as September Fed rate‑hike odds climb back to roughly 60% after Friday’s jobs report, while investors await U.S. CPI data later this week. The price stability reflects market resilience amid renewed monetary‑policy uncertainty, but a higher inflation reading could trigger volatility, potentially pressuring crypto valuations across the sector.
The odds of a September Fed rate hike returned to around 60% following Friday's jobs report, with U.S. inflation data due later this week.