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Bitcoin nears $80K amid strong ETF inflows but faces pressure from Fed rate hike risks.

Market News
05 Sep 2026
Coinpaper
View Source
Bullish
Bitcoin nears $80K amid strong ETF inflows but faces pressure from Fed rate hike risks.

Bitcoin hovered around $79,000 to $80,000 after a significant institutional buying day, with U.S. spot Bitcoin ETFs seeing their largest inflow since January, totaling $730.9 million. This surge was driven by major funds like BlackRock and ARK 21Shares, pushing total ETF assets above $103 billion. However, Bitcoin's gains were tempered by a stronger-than-expected U.S. jobs report that increased the likelihood of a Federal Reserve rate hike, causing Treasury yields to rise and putting pressure on Bitcoin as a risk asset. The next key event for Bitcoin's price direction is the upcoming August CPI report and the Fed's decision, which will influence whether Bitcoin can sustain a breakout above $80,000.

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