Bitcoin holds near $80,000 despite renewed Fed rate hike fears as CPI test looms

Bitcoin held near $80,000 despite renewed concerns that persistent inflation could prompt the Federal Reserve to keep rates higher or resume hikes. Market attention is now focused on the upcoming CPI report, which could drive volatility by shaping expectations for monetary policy and liquidity. A softer inflation reading could support Bitcoin, while a hotter result may pressure risk assets and challenge its ability to sustain current levels.