Bitcoin holds near $80,000 as Fed rate‑hike odds rise and CPI data looms

Bitcoin price steadies near $80,000

Bitcoin was trading around $79,500 on Monday, after falling back from a peak above $82,000 last week.

Key numbers

• Current price: about $79,500.
• Fed rate‑hike probability: roughly 60% after the August jobs report.
• Spot Bitcoin ETF inflow last week: $987 million.
• Realized capitalization rose by $9.36 billion to $1.068 trillion over the past 30 days.

Market context

The August jobs report added 162,000 jobs, far above expectations, and left the unemployment rate unchanged at 4.1%. Higher Treasury yields and a stronger U.S. dollar followed, putting pressure on rate‑sensitive assets such as Bitcoin.

What analysts say

LMAX Group market strategist Joel Kruger noted that despite higher yields and rising oil prices, Bitcoin has absorbed the headwinds without major technical damage. QCP Capital observed that the recent ETF flows suggest traders are repositioning while waiting for upcoming inflation data.

Upcoming data

U.S. producer price data is scheduled for Thursday, followed by the August consumer price index (CPI) on Friday. The CPI is expected to show a 3.4% year‑over‑year headline increase, with core CPI possibly falling to 2.4%.

Uncertainties

The Fed’s decision on September 16 depends on whether inflation eases more than expected. A higher CPI could revive expectations of a rate hike, while a lower reading might support a pause.

Why it matters

Bitcoin’s price stability near $80,000 shows resilience amid macro‑economic uncertainty. The continued inflow into spot Bitcoin ETFs indicates sustained institutional interest.

Sources

• The Block