CoinScoopBitcoin Price Briefly Tops $85,000 Following Softer PCE Data
Bitcoin climbed above $85,000 after U.S. PCE inflation data came in lower than expected, with headline PCE at 3.4% and core PCE at 3.0% year-over-year. Despite the initial rally, prices retreated as 10-year Treasury yields remained near 5.3%. Bitcoin is currently consolidating, with support identified at $82,500–$83,000.
Summaries are written by AI from the original article. Not investment advice.