The Block·BTC
Bitcoin steadies as soft PCE cools October Fed rate hike bets
Core PCE rose just 0.2% in August, easing pressure for an October Fed hike. Bitcoin trades near $83,700 as rising Treasury yields cap gains.
Also covered by 7 outlets
- Crypto Briefing ↗Bitcoin rallies as August PCE inflation cools to 3.4%
- Bitcoin.com News ↗Bitcoin Price Surges Past $85K as Bulls Muscle Back Into the Fight
- BeInCrypto ↗Bitcoin and Gold Prices Jump in Minutes as US Inflation Cools to 3.4%
- U.Today ↗Bitcoin Surges Above $85,000: Key Reason Why
- CryptoPotato ↗Bitcoin Price Tops $85K as US Core PCE Rises 0.2% MoM, Cooler Than Expected
- Decrypt ↗Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs
- Bitcoin Magazine ↗Bitcoin’s Price Jumps Above $85,000 on Lighter-Than-Expected Inflation Data
More news
- CryptoSlateUK’s 2027 crypto rules let firms remove trust protection from Bitcoin lent for yield
- CryptoPotatoStolen Bitget Funds Converted to BTC via CoW, Chainflip: Report
- Bitcoin.com NewsOnly 0.52% of Bitcoin Is Working Onchain—Here’s Why
- Crypto BriefingBitcoin trader profit margin hits 30.7%, highest since December 2024
- Bitcoin MagazineTax on Bitcoin Gains? Dutch Government to Introduce Capital Gains Tax From 2028
- NewsBTCHANetf Teams Up With HSBC To Launch First GBP & EUR-Hedged Bitcoin Products