Bitcoin: American Inflation Threatens the 80,000 $ Threshold

Bitcoin approaches a decisive threshold as markets await new American inflation indicators. After several positive sessions, capital inflows into spot ETFs have sharply slowed, reducing support for prices. On Friday, PMI indices and household inflation forecasts could change investor expectations before the next Federal Reserve meeting. Maintaining the 80,000 dollar level will therefore also depend on these economic signals. The price of bitcoin moves around 80,000 dollars, a level that draws institutional investors’ attention. According to the Glassnode report published on October 21, this threshold approaches the average acquisition costs of several holder categories. American spot ETFs display an estimated cost basis of 81,500 dollars. Meanwhile, treasuries of companies followed by Glassnode hold their digital assets at an average cost close to 80,200 dollars.

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