Bitcoin Whales Wait on Economic Indicators Amid $80,000 Price Range

Bitcoin whales are holding onto 5.23 million BTC, waiting for key economic indicators and monetary policy decisions.

The Bitcoin price has been stuck in a range between $75,000 and $80,000 for nearly a week, with each attempt to break above the upper bound failing.

The US producer price report is due on September 10, followed by consumer inflation data on September 11. The Senate plans to vote on the CLARITY Act on September 15, while the Federal Reserve will announce its monetary decision on September 16.

The Bank of Japan's rate announcement may also have an impact on markets, with a possible restrictive decision potentially strengthening the yen and reducing certain transactions financed in this currency.