Bitcoin market reacts positively due to rising PCE inflation data
2026-09-30 23:54:23
CoinMeta data: Benefiting from moderate PCE inflation data, Bitcoin prices rose, breaking through $85,000 to reach a high of $85,598.94 before falling back to $84,376.09. According to the data, the PCE index rose by 0.3% in August, with an annual increase of 3.4%, both below expectations. Market expectations for a Federal Reserve interest rate hike have weakened. FedWatch tools indicate that there is a 62% probability that the Federal Reserve will maintain current interest rates. Despite Bitcoin's strong performance, traders remain cautious about whether it can reach new highs before 2027, and the current market expects Bitcoin to remain above $84,000 with a 49% probability.
Source:Decrypt
This content is for market information only and does not constitute investment advice.
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