Add as a preferred source on GoogleBitcoin Rises Above $84,000 After U.S. PCE Data Release
Bitcoin briefly gained 0.6% to $84,305 as August core PCE inflation came in at 3% year over year, below the 3.3% forecast.
Bitcoin (BTC) rose above $84,000 on Sept. 30 after the release of U.S. personal consumption expenditures data, briefly gaining 0.6% to reach $84,305.
August core PCE inflation, which excludes food and energy, was 3% from a year earlier, below the 3.3% forecast. The figure marked a six-month low, while the prior reading was revised from 3.30% to 3%.
Other markets also moved after the data. Spot gold gained $14 to $4,205 per ounce, while spot silver rose $0.36 to $61.36. The U.S. dollar index fell 15 basis points to 101.05.
The market moves followed the Sept. 30 release of the August inflation figures.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.