Bitcoin Holds Steady Ahead of Key Fed Meeting

Bitcoin hovered around $79,500 on September 7 as investors awaited crucial U.S. inflation reports and a Treasury auction before the Federal Reserve's policy meeting on September 15-16.

The strong August employment data raised expectations for a Fed rate hike, pushing traders to assign about a 58% chance of an increase.

Upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports will be closely watched for inflation trends that could influence the Fed's decision.