On Monday morning ET, Bitcoin prices rose to $79,106.77, up 0.8% from Sunday's opening price, reaching their highest level since May. Ethereum prices increased to $2,507.22, up 1.6% from Sunday's opening price, reaching their highest level since late January. Analysts view $80,000 as the next key resistance level for Bitcoin, and the market is closely watching this week's Federal Reserve summit in Jackson Hole. James Butterfill, Head of Research at CoinShares, noted that slowing inflation and weak employment data have weakened the case for tightening policies, and declining short-term yields indicate that bond investors no longer expect further rate hikes from the Federal Reserve, creating a favorable environment for Bitcoin.