Bitcoin Joins Risk-Asset Relief As PCE Inflation Follows Expectations

Bitcoin Joins Risk-Asset Relief As PCE Inflation Follows Expectations

Bitcoin and risk assets see a modest relief bounce as US PCE inflation conforms to expectations and the South Korean semiconductor rout cools after several days of major downside.

Bitcoin price nears $65K as US PCE cools to 3.7%

Bitcoin price moved back toward $65,000 on Thursday after softer U.S. inflation data eased fears of another Federal Reserve rate hike, although renewed U.S.–Iran fighting kept traders cautious. Bitcoin price approaches $65K after PCE release Bitcoin rose to an intraday…

Bitcoin Reclaims $65K as July Gains Top 10% After Fed Pause

Following the Federal Reserve’s decision to hold interest rates steady, Bitcoin briefly surged past $65,000 to a daily peak of $65,100 before facing selling pressure. It settled around $64,700, pushing its market cap to $1.3 trillion and keeping it on track for an over 10% gain in July. A Choppy Road to the Daily Peak […]

Bitcoin holds above $64,500 as US inflation data meets forec

🚨 Bitcoin held steady above $64,500 as US inflation data matched forecasts. 📊 June PCE rose 3.7% year-on-year, still well above the Fed’s 2% target. 🪙 Bitwise expects $BTC will react less to future Fed rate changes. 💡 US stocks rebounded with Nasdaq up 2.3% after infl...

Bitcoin Holds Steady as US PCE Inflation Falls for First Time in 6 Years

Bitcoin traded with subdued volatility on Thursday as a rebound in US equities and a softer read on inflation reduced the pressure investors had placed on risk assets. In late US trading, BTC held near $64,500, largely steady from the prior day, after market attention shifted to June’s US Personal Consumption Expenditures (PCE) inflation release. The PCE report showed inflation cooling to 3.7% year-on-year—matching expectations—while S&P 500 and…