Bitcoin has attempted and failed several times to decisively break above the crucial $80,000 level, yet its inability to drop further despite deeply unfavorable conditions raises questions. Geopolitical tensions between the US and Iran pushed Brent crude toward $100 per barrel, while the Federal Reserve adopted a more hawkish tone and US job creations reached 162,000 in August, almost triple expectations. September rate hike odds jumped to 65%, the two-year Treasury yield hit its highest level since January 2025, and the dollar strengthened. Despite all this, BTC remains around $80,000 and is up roughly 25% over the past month, supported by $730 million flowing into ETFs on Thursday alone, the highest single-day level since January.
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