Bitcoin is in a mild pause after recently topping $80K, with markets focused on three events that could influence its next direction. July personal consumption expenditures (PCE) inflation data, the Federal Reserve’s preferred inflation gauge, is expected to show core PCE up 3.2% from a year earlier. A reading above forecasts could revive concerns about Fed rate hikes and pressure markets. Nvidia’s second-quarter earnings report, due Wednesday, is another key variable: Bitcoin and Nvidia have maintained a 90-day correlation above 0.5 since 2025, indicating strong co-movement, so strong results could support risk appetite across financial markets. Investors will also watch Federal Reserve Chairman Kevin Warsh’s speech at the Jackson Hole symposium on Friday, particularly his stance on Treasury market intervention after expanded long-term bond buybacks recently supported Bitcoin.