Bitcoin Reacts as U.S. PCE Inflation Data Comes In Line With Expectations

HIGHLIGHTS Bitcoin has rebounded above the psychological $80,000 level. This follows the September PCE inflation release. The inflation data came in at 3.6%, in line with expectations. Bitcoin has climbed back above the psychological $80,000 level following the release of the PCE inflation data. The September data came in line with expectations, although inflation concerns persist amid the uncertainty over the U.S.-Iran war. Bitcoin Climbs as September PCE Comes In Line With Expectations The BTC price rose to as high as $81,000 following the September PCE release, with the inflation data coming in line with expectations.