Live markets: What's next as bitcoin holds $80,000, while stocks sink, yields rise on ugly inflation print

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A bitcoin daily close above $82,000 could trigger rally towards $85,000 Bitcoin is trading roughly flat over the past three hours at $80,584, holding above the closely watched $80,000 support level despite a hotter-than-expected U.S. CPI reading. Matt Mena, senior crypto research strategist at 21Shares, said bitcoin’s resilience near $81,000 signals strong market positioning even as inflation concerns persist. He pointed to several near-term catalysts that could support another move higher, including Thursday’s Senate Banking Committee markup hearing on the CLARITY Act, renewed speculation around a potential U.S. Strategic Bitcoin Reserve announcement, and continued inflows into spot bitcoin ETFs, which have attracted more than $3.5 billion over the past six weeks. Mena said a daily close above $82,000 could open the door to a rally toward $85,000 and potentially the $88,000-$90,000 range, while failure to break resistance alongside a hotter producer price index reading could send bitcoin back toward $75,000 support.

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