🔥 Inflation surprises the markets… and Bitcoin breaks through $85K!
Bitcoin jumped $BTC above $85,000 directly after the release of US inflation data (PCE) for August, coming in below expectations:
📉 Yearly PCE: 3.4% vs. 3.7% expected
📉 Core PCE: 3.0% vs. 3.3% expected
The data reduced expectations for a rate hike in October, but Bitcoin didn’t hold the breakout and later fell below $84K, making $85K an important testing zone right now.
👀 Will BTC return to break $85K and stay above it, or was it just a temporary reaction?
#Bitcoin #BTC #Crypto #Fed
Bitcoin jumped $BTC above $85,000 directly after the release of US inflation data (PCE) for August, coming in below expectations:
📉 Yearly PCE: 3.4% vs. 3.7% expected
📉 Core PCE: 3.0% vs. 3.3% expected
The data reduced expectations for a rate hike in October, but Bitcoin didn’t hold the breakout and later fell below $84K, making $85K an important testing zone right now.
👀 Will BTC return to break $85K and stay above it, or was it just a temporary reaction?
#Bitcoin #BTC #Crypto #Fed