Bitcoin Price Surges to $79k, Then Trims Gains Amid Inflation Worries

Bitcoin's recent surge to $79,435 was short-lived as it quickly trimmed some of its gains and traded at $77,642. The digital currency has been affected by rising US inflation data and increasing Middle East tensions.

The price action suggests that buyers are still defending lower levels, but persistent supply around $79,000, $80,000 continues to limit upside momentum. According to Riya Sehgal, Research Analyst at Delta Exchange, crypto markets are entering a high-volatility event window.

Nischal Shetty, Founder of WazirX, believes that macro conditions remain restrictive, but crypto continues to absorb external pressure without a broader breakdown.