Bitcoin holds near $80K as Fed hike bets rise, ETF inflows continue
Bitcoin
Bitcoin BTC was trading just below $80,000 on Monday after retreating from levels above $82,000 reached last week. The cryptocurrency has remained relatively resilient despite stronger-than-expected US employment data, rising Treasury yields and renewed concerns over interest rates, while continued inflows into spot Bitcoin ETFs have provided support. Bitcoin faces resistance near $80,000 Bitcoin was changing hands at around $79,105 on Monday. The cryptocurrency climbed above $82,000 last week before the August US jobs report showed that employers added 162,000 jobs, well above expectations of 55,000. The unemployment rate remained unchanged at 4.1%. The stronger labor market data increased expectations that the Federal Reserve could raise interest rates at its Sept. 16 meeting.
BTC
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