Bitcoin Falls Toward $80,000 as Inflation Worries Weigh
Bitcoin moved lower as hot US inflation and weaker appetite for speculative assets weighed on prices. Preliminary ETF outflows added pressure, with $80,000 identified as a key level to hold.
Hot US inflation and weaker demand for speculative assets weighed on Bitcoin. Preliminary ETF outflows added pressure, while $80,000 emerged as a key level for the cryptocurrency to hold. Bitcoin surrendered its recovery. Federal Reserve comments eased some of the pressure, but ETF flows turned less supportive and $80,000 support faced renewed scrutiny.