CryptoDecryptabout 2 hours ago
Bitcoin Jumps on Cool PCE Inflation Data
4 min read
August core PCE rose 3.0% year over year, below the 3.3% forecast, easing rate-hike fears. Bitcoin climbed above $85,000 to $85,598.94 before settling at $84,376, up 0.9%. October hike odds fell to 34.9%, while the 10-year Treasury yield hit 5.25%, its highest since 2002.
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