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Bitcoin holds near $80,000 despite renewed Fed rate hike fears as CPI test looms
Published Source: The BlockRead original
Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Fed rate hike concerns create short-term bearish pressure on BTC.