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65CRYPTO

Bitcoin holds near $80,000 as traders weigh inflation data and potential Fed rate hike

⚡ Markets: Cryptocurrency prices remain highly correlated to macroeconomic factors. A hotter-than-expected inflation print would increase the odds of a Fed rate hike, likely putting downward pressure on Bitcoin and other digital assets.BTCETH

Bitcoin's price is consolidating near the $80,000 level amid low holiday trading volume. Market participants are focused on upcoming US CPI and PPI inflation data, which could influence the Federal Reserve's decision on whether to raise interest rates in September, a key driver for risk assets like cryptocurrencies.

West MSM: noneFinancial press 61 country
6 sources across the spectrum
Financial pressCointelegraph — Yen intervention meets US inflation data: Five things to know in Bitcoin this week
Financial pressCoinDesk — Live updates: Bitcoin holds $79,000 as hike odds climb, zcash runs 45% in a week
Financial pressCointelegraph — Bitcoin chips away at weekend upside as $80K hangs in the balance
Financial pressThe Block — Bitcoin holds near $80,000 despite renewed Fed rate hike fears as CPI test looms
Financial pressCoinDesk — U.S. inflation, Coinbase’s Deribit switch: Crypto Week Ahead
Financial pressCointelegraph — Bitcoin fund flows show investors trading Fed rate path, not exiting market: CoinShares
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