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Bitcoin holds $80,000 despite higher U.S. inflation data; focus on FOMC pause

Bitcoin held the $80,000 level even after the United States\' September consumer and producer price indexes both came in above market expectations. CoinPost reported that Bitbank analyst Yuya Hasegawa expects bitcoin to keep consolidating around $80,000 next week. He noted short-term U.S. rates did not keep rising and fed funds futures still price an October FOMC pause at about 70 percent. Options positioning around $80,000 is seen as a key support factor.