Bitcoin dips 1% as market eyes US economic data

Bitcoin has declined 1% over the past 24 hours, though institutional demand remains strong with $3 billion in inflows across eight consecutive sessions for Bitcoin ETFs. Investors are now focused on upcoming US inflation and GDP data, which could influence Federal Reserve interest-rate expectations. While Bitcoin maintains support between $80,000 and $82,000, analysts note that higher-than-expected inflation could pressure risk assets. FedWatch data currently indicates a 68% market-implied probability of an October rate increase.