Yen intervention meets US inflation data: Five things to know in Bitcoin this week
60-second summary
Bitcoin’s weekly outlook hinges on U.S. CPI and PPI releases and the Federal Reserve’s September 16 rate decision, which together could confirm whether the cryptocurrency holds the $80,000 support level; analysts watch these macro data points closely, noting that stronger inflation or a hawkish Fed may boost Bitcoin’s price, while softer numbers could pressure it downward.
This week’s CPI and PPI prints, along with the Fed’s Sept. 16 rate decision, could determine whether Bitcoin can secure $80,000 as a support level.