Bitcoin is trading around $78,600–$78,900 (-0.3% to -0.5% over 24h), staying below last week's $82,000 peak, as a jump in oil prices revived expectations that the Fed could resume rate hikes rather than cut. Traders are also watching Friday's CPI print, while the Fed's July minutes already showed internal disagreement over further tightening.
Matters because: A hawkish Fed repricing could pressure risk assets broadly, and BTC's stall below $80K suggests the market hasn't fully shaken off this uncertainty.