Bitcoin September Record Hinges on US PCE Inflation Data

Bitcoin (BTC) is trading around $83,400 as the market awaits the US Personal Consumption Expenditures (PCE) price index release at 14:30 Paris time. Bitcoin has seen a 7.33% gain in September, narrowly surpassing the previous record of 7.29% set in 2024. To maintain this monthly record, the price must close above approximately $83,600. Economists expect the headline PCE to rise by 0.4% to 0.5% month-over-month, with the core index projected at 0.3%. The data is critical as it may influence the Federal Reserve's interest rate decisions for late October.