Bitcoin closes above $80,000 as traders watch US inflation data
Bitcoin weekly close above $80K as traders eye CPI and Fed rates See what inflation data and derivatives momentum could mean for BTC next
Bitcoin recorded its first weekly close above $80,000 since early May as traders looked ahead to US inflation reports and the Federal Reserve’s Sept. 16 policy decision.
Market participants are focused on August CPI and PPI data, which could influence expectations for interestrate moves. Recent labormarket strength has also kept pressure on the Fed to maintain a cautious stance, while the yen has drawn attention after Japan reported record currency intervention.
Analysts say Bitcoin’s latest move has been driven more by derivatives activity than spot demand, raising questions about how durable the rally may be. Still, some technical indicators, including the weekly supertrend signal, have turned positive for the first time since late 2025.