Cointelegraph·BTC
Bitcoin trapped below $86K as PCE changes cloud inflation reading
Bitcoin erased its post-PCE gains as analysts cautioned that methodology changes complicated the lower-than-expected inflation reading.
Also covered by 4 outlets
- CryptoSlate ↗Bitcoin fails to sustain $85,000 breakout, and bond yield spikes are blamed
- CoinDesk ↗Bitcoin's soft-inflation pop to $85,500 fades as bond yields refuse to fall
- Cryptonews ↗Bitcoin Price Prediction: Soft Inflation Sent Bitcoin Briefly above $85,000
- CoinDesk ↗Bitcoin kicks off new quarter in the old $82,000-$85,000 price range
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