bitbank analyst: bitcoin holds $80K after hot CPI and PPI, FOMC in focus
- —US September CPI came in at 3.7% versus 3.6% expected; PPI also beat
- —BTC briefly slipped below $80,000 after PPI but quickly rebounded
- —Fed funds futures still price an October pause at about 70%
- —Options open interest clustered at the $80,000 strike supports the level
Why it matters: Holding $80,000 through hot inflation data will show whether bitcoin can withstand tightening Fed rate expectations.
Source: CoinPost