articlenewscrypto

Market update: Bitcoin moved above $85,200 and gold rose past $4,200 per ounce after U.S. core PCE inflation data came in cooler than expected. August core PCE increased 3.0% year over year, below the 3.3% forecast, which suggested easing inflation pressure.

Softer inflation can reduce expectations for restrictive interest rates, supporting both risk-sensitive assets such as Bitcoin and traditional stores of value such as gold. Gold’s move above $4,200 is notable because that area had been seen as a key resistance level, though a sustained close above it would be more meaningful than a brief intraday move.

The U.S. dollar index dipped modestly to 101.05, but it remained relatively strong compared with mid-September levels.
#BTC☀ #BinanceSquareTalks #binence #ArticleNewsCrypto