Bitcoin stabilizes as pressure to raise interest rates eases
The core Personal Consumption Expenditures (PCE) price index rose 0.2% in August, easing pressures for a U.S. rate hike in October, according to The Block. Bitcoin is trading near $83,700, while gains are limited by the rise in Treasury yields.
• Inflation data reduces expectations of an October rate hike, without settling the decision.
• Higher Treasury yields remain a drag on Bitcoin’s gains.
💧 Impact on the market and liquidity: A decline in pressure for rate hikes may support Bitcoin, but higher bond yields could limit this support. The provided information does not include figures for liquidity flows.
🎯 Most affected: Bitcoin
Source: The Block
$BTC #Bitcoin #Crypto
The core Personal Consumption Expenditures (PCE) price index rose 0.2% in August, easing pressures for a U.S. rate hike in October, according to The Block. Bitcoin is trading near $83,700, while gains are limited by the rise in Treasury yields.
• Inflation data reduces expectations of an October rate hike, without settling the decision.
• Higher Treasury yields remain a drag on Bitcoin’s gains.
💧 Impact on the market and liquidity: A decline in pressure for rate hikes may support Bitcoin, but higher bond yields could limit this support. The provided information does not include figures for liquidity flows.
🎯 Most affected: Bitcoin
Source: The Block
$BTC #Bitcoin #Crypto