Bitcoin Surges Past $85K After Cooler Core PCE
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy – https://telegram.me/freecryptosignalsdaily Core PCE data came in cooler than expected, propelling risk-on markets into a fresh move upward. Bitcoin’s price surged in the past hour after the US Bureau of Economic Analysis released the core PCE report. The cryptocurrency touched $85,600, jumping from below $84K just an hour ago, showcasing that crypto traders welcomed the signs of cooling inflation. It’s important to note that many altcoins also surged in the past hour, including ZEC, which is up more than 3.6%, HYPE, up 1.1%, ETH up 1.5%, SOL up 2.2%, and so forth. This comes on the back of the fact that consumer prices posted a smaller-than-expected increase in August from a year ago, according to the primary inflation gauge of the Federal Reserve. The personal consumption expenditures price index increased by 0.3% for the m...