Bitcoin and XRP gave back Wednesday's early gains after a cooler-than-expected inflation reading was offset by rising oil prices. According to NS3.AI, core PCE prices rose 0.2% in August, below the 0.3% forecast, while Brent crude climbed 3% on the day.

Stronger-than-forecast economic growth and consumer spending also complicated the outlook for interest rates. Bitcoin settled near $84,000, and XRP traded near $1.50 after their initial gains faded.