Markets brief: Bitcoin clears $80,000 weekly close as markets await crunch US CPI data

Week of September 7, 2026

Welcome to the Cointelegraph Markets weekly newsletter, where we look at the factors likely to influence Bitcoin’s price action for the days ahead. Bitcoin is working to flip $80,000 from resistance to support, having notched its first candle close above this key level since early May. Implied probabilities signal a hawkish outlook for the next FOMC. The odds of a higher policy rate going forward stand at 60% after upward revisions in US employment data last week. The outlook remains unusually uncertain this close to a policy meeting.

Fed policy in focus after jobs data surprise

Following unexpectedly strong nonfarm payrolls data last week, implied probabilities for a 0.25% interest-rate hike at the Sept. 16 FOMC meeting stand at 60%. Thursday’s Consumer Price Index (CPI) and Friday’s Producer Price Index (PPI) inflation data could alter expectations before the rate decision and spark short-term volatility across crypto and risk assets. Given that probabilities remain split, the releases will be key near-term macro events for traders to monitor.

While headline inflation remains far above the Fed’s 2% target, chair Kevin Warsh, who dismissed the impact of cooler CPI data during his keynote speech at the Jackson Hole economic symposium, faces renewed pressure from US president Donald Trump to enact policy easing. Trump had previously held off from publicly pressuring Warsh, but broke that pattern for the first time in Truth Social posts last week.

Bitcoin scrapes $80,000 weekly close

Bitcoin sealed its first weekly candle close above $80,000 since the week of May 4 on Sunday, with price action still confined to a narrow local range. Large areas of liquidity both above and below spot price continue to dictate movement on lower time frames.

Analysis from CryptoQuant highlights the continued role of derivatives markets in the behavior of the BTC/USD pair in the current range, reiterating a comparative lack of spot demand around $80,000. For a sustained break higher, it argues, market composition must become more balanced, with spot taking the lead in further rallies.

Supertrend indicator repeats historical bull-market pattern

Bitcoin’s supertrend indicator has delivered its first “buy” signal since November 2025 in another historically reliable sign that the bear-market bottom is already in. Supertrend flipped from red to green at Sunday’s weekly close — an event that accompanied the reemergence of Bitcoin bull markets in 2019 and 2023. The Supertrend indicator joins several reversals in Bitcoin onchain metrics.

This newsletter is for information only and does not constitute investment advice.