Bitcoin steadies as soft PCE cools October Fed rate hike bets
strategic_reserves
Bitcoin steadied after softer-than-expected PCE inflation data reduced expectations for another Federal Reserve rate hike in October. The data supported a more cautious outlook for U.S. monetary tightening, easing near-term pressure on risk assets, including Bitcoin. However, the market’s reaction remained measured, suggesting macroeconomic uncertainty and Fed policy expectations continue to limit upside.
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