Bitcoin Price Tests $83,000 Ahead of August PCE Inflation Data

Bitcoin is trading near $83,000 as markets await the August core PCE inflation report, a key metric for Federal Reserve policy expectations. The data, scheduled for release at 8:30 a.m. ET on September 30, will influence interest rate outlooks, with hotter-than-expected inflation potentially pressuring non-yielding assets like Bitcoin. The report is being released alongside the third estimate of second-quarter GDP.