Bitcoin Reacts as U.S. PCE Inflation Meets Expectations
Photo: CoinWorldStory
Bitcoin bounced back above the psychological $80,000 level after the latest U.S. Personal Consumption Expenditures (PCE) inflation report met market expectations. The number one cryptocurrency briefly topped $81,000 as traders weighed the latest inflation numbers and their possible impact on Federal Reserve interest rate policy. However, concerns about persistent inflation and uncertainty over the U.S.-Iran conflict continue to weigh on sentiment, keeping Bitcoin and the wider crypto market volatile. Bitcoin traded around $81,000 after the September PCE inflation data was released but then fell back toward the $80,000 mark.
Source: CoinWorldStory
