Bitcoin Price Tops $85K as US Core PCE Rises 0.2% MoM, Cooler Than Expected
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Bitcoin topped $85,000 after U.S. core PCE inflation rose 0.2% month over month, coming in below expectations. The softer-than-expected reading eased concerns about persistent inflation and supported expectations for a less restrictive Federal Reserve policy. The data strengthened near-term risk appetite, with Bitcoin benefiting from improved liquidity and rate-cut sentiment.
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