Bitcoin Fails To Return To $80,000 As High PCE Inflation Data Bites

Bitcoin Fails To Return To $80,000 As High PCE Inflation Data Bites

Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.

Bitcoin slips below $78K as longs absorb $270M hit

Bitcoin fell below $78,000 after its breakout above $81,000 reversed, triggering a wave of long liquidations as traders took profits and bullish leverage unwound. Strong US spot ETF inflows, however, suggest underlying demand has not disappeared. Bitcoin price retreats after…

PCE Inflation on the Hot Side, Lack of Progress in Pictures

Let's discuss the Fed's preferred measure of inflation and gasoline.

Bitcoin Falls Below $78K as Hot PCE Inflation Rattles Crypto

Bitcoin slipped below $78,000 on Wednesday after hotter-than-expected U.S. Personal Consumption Expenditures (PCE) inflation data raised concerns about the Federal Reserves monetary policy outlook. The pullback came only hours after BTC surged above $80,000, highlighting heightened volatility across the crypto market. Bitcoin briefly recovered to around $78,043 following the decline but remained down about 0.64% over the previous 24 hours. Earli…