Crypto
Bitcoin Resilience Tested by US-Iran Tensions as CPI Report Looms
Bitcoin traded near USD 78,970 as tensions between the US and Iran kept oil prices elevated, according to live CoinGecko data.
This led traders to hold cautious positions ahead of Friday's US Consumer Price Index release, which is expected to shape rate hike odds heading into the Fed's meeting.
Despite a materially worse geopolitical backdrop than earlier in the conflict, Bitcoin has shown resilience and held near USD 79,000.
The CLARITY Act vote on September 15 adds a second layer of uncertainty for investors, with a failed vote leaving the legislation without a clear path forward before year-end.