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CoinEx News: Bitcoin traded around $79,500 on September 7, retreating from above $82,000 last week as stronger U.S. jobs data fueled expectations of tighter monetary policy. August payrolls rose by 162,000 against forecasts near 55,000. Following the report, CME FedWatch showed roughly a 60% probability of a 25-basis-point hike at the September 16 meeting.
Spot demand offered a counterweight: U.S. spot bitcoin ETFs recorded $987 million in net inflows last week, their third consecutive positive week. QCP Capital identified support at $77,000 to $78,000 and resistance at $80,000 to $82,000. BTC remained below that resistance zone despite continued ETF inflows.
August CPI, due September 11 at 8:30 a.m. ET, is the next major catalyst. A hotter-than-expected reading could reinforce hike expectations and increase pressure on support; softer inflation could ease that pressure. A sustained move above $82,000 would strengthen the recovery case, while a break below $77,000 would weaken it. The price response will matter alongside the inflation surprise.
Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.
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