Bitcoin Price Surges Above $81,000 Amid Geopolitical Risk and Key Economic Events

Bitcoin's price has been rising steadily over the past week, reaching above $81,000 over the weekend. This surge has caught the attention of traders and investors alike, who are now waiting to see how the cryptocurrency will perform in light of key events this week.

The Consumer Price Index (CPI) print on Tuesday is expected to have a significant impact on Federal Reserve policy expectations, with cooler-than-expected readings typically supporting risk appetite. The Producer Price Index (PPI) and retail sales reading later in the week are also likely to shift Fed rate-cut bets.

Meanwhile, former President Donald Trump has sparked geopolitical risk by accusing Iran of playing games with the United States for 47 years. This has added another wildcard to the market, making it difficult to predict Bitcoin's next move.