Bitcoin Holds Near $78,600 as Hot Core CPI Firms Fed Rate-Hike Bets

The hotter core CPI print matters less for what it says about next week's Fed decision — which the market had already discounted — than for what it says about the path beyond it. Bitcoin's muted, slightly positive reaction suggests positioning is light rather than conviction-driven, and the historical pattern cited here is a small sample that says little about this cycle. The open question is whether bitcoin keeps absorbing macro tightening without a sharper repricing, or whether that resilience is simply a lag.