Bitcoin
Bitcoin steadies as soft PCE cools October Fed rate hike bets
The Block·September 30, 2026·1 min read
Core PCE rose just 0.2% in August, easing pressure for an October Fed rate hike. Bitcoin trades near $83,700 as rising Treasury yields cap gains. The softer inflation data reduces the likelihood of a near-term rate increase, providing some support to risk assets like Bitcoin despite yield headwinds.
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