Bitcoin defends $78K-$79K support while the S&P 500 trades in its tightest range of the year as markets await CPI data and the Fed's September

Bitcoin's price holds near $79,500 as bulls defend $79K support while $80,537 resistance keeps a breakout in check.

The odds of a September Fed rate hike returned to around 60% following Friday's jobs report, with U.S. inflation data due later this week.