Bitcoin climbs past $80,000 as Fed rate-cut forecasts fade, showing resilience amid inflation concerns.

Bitcoin has surged past the $80,000 mark despite major banks scrapping forecasts for Federal Reserve rate cuts this year due to persistent inflation pressures, particularly from high energy prices linked to geopolitical tensions. While higher interest rates typically weigh on risk assets, bitcoin appears increasingly viewed as an inflation hedge, supported by inflows into spot ETFs and selective strength in altcoins. Technical indicators suggest bitcoin is testing key resistance levels near $81,500 and $84,000, with a decisive breakout potentially driving prices higher, while sentiment remains cautiously optimistic at a neutral midpoint. This resilience highlights bitcoin's growing detachment from traditional macroeconomic factors and signals potential for further gains if it surpasses critical technical thresholds.