Bitcoin Stuck Below $80K Until Fed Shifts Policy

CoinShares, a digital asset investment firm, has released its latest market analysis indicating that Bitcoin is likely to stay rangebound below $80,000 until the Federal Reserve signals a policy shift.

The firm attributes Bitcoin's recent price increases primarily to macroeconomic developments, particularly softer U.S. inflation and employment data, rather than crypto-specific catalysts.

This aligns with broader market sentiment, where traders have been closely monitoring economic indicators for clues about the Fed's next moves.