Bitcoin Holds Near $78,450 as Traders Await CPI Report and Iran Tensions
Bitcoin has traded near $78,450 for several days now, up 0.7% over the past 24 hours.
This price keeps it below the $80,000 mark, and oil prices remain elevated due to US-Iran tensions in the Gulf.
Traders are cautious ahead of Friday's Consumer Price Index release, which could ease yields and support a move towards $82,000 or risk reinforcing hawkish bets and pulling Bitcoin back towards $77,000.