Bitcoin above $80K faces test from US inflation survey and BOJ rate hike
- —BTC at $80,323, up 4.82% on the week and 3.82% on the month
- —Fed raised rates to 3.75%–4% on Sept. 16, citing elevated inflation
- —US year-ahead inflation expectations at 4.6% in the preliminary survey
- —Bank of Japan's 1.25% rate takes effect Sept. 24
Why it matters: Sustained ETF inflows and softer inflation expectations would support a move toward $82,500–85,000; renewed outflows or firmer data put $80,000 and $77,500 in play.
Source: Cryptonews.net