Key Takeaways Bitcoin spiked to $79,837 on Friday after BLS reported August CPI data matching economists’ projections. Severe price swings triggered over $732M in total crypto liquidations, with shorts taking $424M in losses. Prediction market odds for a Fed rate hike rose to 82%, while Ray Dalio warned of stagflation risks. Volatile Trading Triggers $732M in Liquidations Bitcoin briefly reclaimed $79,000 Friday after the U.S. Bureau of Labor Statistics released August Consumer Price Index (CPI) data that aligned with economists’ projections. Bitstamp data showed the cryptocurrency surged to $79,837 as the sudden spike put Bitcoin on course to breach $80,000. …