Bitcoin drops below $79,000 as US inflation data looms

Bitcoin declined below the $79,000 mark as robust US employment figures renewed expectations of a tighter Federal Reserve policy stance. Rising oil prices and escalating US-Iran tensions have added to inflation concerns ahead of key US economic data releases.

Institutional ETF inflows provided some support to the cryptocurrency, though short-term momentum has weakened and market sentiment remains cautious. The price movement reflects broader uncertainty over US monetary policy direction and geopolitical risks affecting commodity markets.