🚨 BTC JUST GOT A MACRO BOOST. 👀
U.S. inflation came in cooler than expected. 📉
🇺🇸 PCE: 3.4% vs 3.7% expected
📊 Core PCE: 3.0% vs 3.3% expected
₿ Bitcoin pushed back toward $85K
Markets also cut expectations for an October Fed rate hike after the data.
But there’s a catch: inflation is still well above the Fed’s 2% target, and Treasury yields remain elevated. ⚠️
So the big question is:
Can softer inflation give BTC the fuel it needs for another move higher? 👀
#bitcoin #BTC #PCE #crypto #BinanceSquare
U.S. inflation came in cooler than expected. 📉
🇺🇸 PCE: 3.4% vs 3.7% expected
📊 Core PCE: 3.0% vs 3.3% expected
₿ Bitcoin pushed back toward $85K
Markets also cut expectations for an October Fed rate hike after the data.
But there’s a catch: inflation is still well above the Fed’s 2% target, and Treasury yields remain elevated. ⚠️
So the big question is:
Can softer inflation give BTC the fuel it needs for another move higher? 👀
#bitcoin #BTC #PCE #crypto #BinanceSquare