Bitcoin hits highest level since January as US PCE inflation cools to 3.4%
politics
Bitcoin reached its highest level since January after U.S. PCE inflation cooled to 3.4%, reinforcing expectations that the Federal Reserve could ease monetary policy. The softer inflation data improved risk appetite and supported demand for Bitcoin, which continued to benefit from a more favorable macroeconomic backdrop. The move suggests Bitcoin remains sensitive to U.S. inflation and interest-rate expectations, though sustained gains will depend on further cooling and broader market confirmation.
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