Bitcoin fell below $79,000, trading at $78,920.05 on Binance’s USDT pair in a Thursday snapshot after an earlier print below $78,600, as stubborn US inflation kept Federal Reserve policy in focus. The Commerce Department reported the PCE price index rose 0.2% in July and 3.7% year-over-year, both 0.1 percentage point above consensus, while core PCE increased 0.2% month-over-month and 3.3% annually, matching forecasts. US equities closed nearly unchanged, with the S&P 500 down 0.02% at 7,675.70, the Nasdaq Composite off 0.08% at 26,130.20 and the Dow Jones Industrial Average lower by 0.21% at 53,463.88, as investors also positioned for Nvidia’s results and a Jackson Hole address by the Fed chair. A firmer dollar, firmer Treasury yields, regulatory uncertainty and spot Bitcoin ETF outflows added pressure on digital assets; Ethereum and Solana fell 3-5% over 24 hours and total cryptocurrency market capitalization slipped below $2.5 trillion. Analysts cite $79,000 as key support, $75,000 as the next major downside level and $82,000 as the threshold Bitcoin must reclaim for short-term bullish momentum, while on-chain data show long-term holders accumulating during the dip.