Bitcoin trades at $79,000, next week’s US inflation data to test rate-cut hopes and crypto valuations

traded near the $79,000 mark as focus shifts to next week’s inflation data. Experts believe a softer CPI could bring rate-cut expectations back into focus, while a higher-than-expected reading would support the higher-for-longer view and keep pressure on crypto valuation. The

was trading at $79,644 mark.

In the past 24 hours, Bitcoin was down 1.8% and

was down 2.3% to trade at $2,452 mark. Among the major altcoins, BNB, XRP, Solana, Hyperliquid, Dogecoin and Cardano were down 5.4% whereas Tron was up 0.9%. The global

capitalisation edged down 1.4% to $2.77 trillion, according to Coingecko.

Riya Sehgal, Research Analyst, Delta Exchange said Crypto markets headed into the weekend after a sharp reversal highlighted the market’s sensitivity to U.S. monetary policy. Bitcoin moved above $82,000 as expectations of a September rate hike eased and institutional demand returned. Ethereum reclaimed $2,500. The move reversed after Friday’s U.S. jobs data.

Sehgal further said that the rally remains intact, but the next move will depend on macro data. Bitcoin needs to hold the $78,500–$79,000 zone after its rejection near $82,000. Ethereum faces support around $2,440, while $2,500 remains a key level for a recovery.