Bitcoin fell to $76,700 after August CPI rose 0.4% month over month and core CPI increased 0.3%, both above market expectations of 0.2%. The price later rebounded to $77,600, signaling that markets have largely priced in a 25 basis point hike scenario.
ETF flows were mixed, with Bitcoin ETFs posting net outflows during the holiday week as Friday redemptions slowed sharply. Ethereum ETFs attracted inflows, including $216.4 million on Friday, indicating selective demand remains.
This week’s FOMC meeting is now the key market focus. Bitcoin faces resistance at $80,000-$82,000 and support at $75,000-$76,000, while confidence hinges on Wednesday’s Federal Reserve guidance.
Markets Price In 25 Basis Point Hike as Focus Shifts to Fed Guidance
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