Bitcoin Hovers Near $80,000 as Inflation Print Looms Large

Bitcoin is trading at $79,985, up 0.36% in 24 hours and around 2.5% on the week.

The BTC/USD price has been volatile over the past five days, touching a high of $82,240 on Friday before losing more than 4% in an hour.

Market analysts are watching for the upcoming inflation print, which could have a significant impact on Bitcoin's price. A soft number would likely give the cryptocurrency room to attack $82,200, while a hot number would put pressure on the market and potentially send prices below $76,000.