Bitcoin slips below $84,000 ahead of PCE inflation data, Micron earnings
- —Bitcoin slipped 0.3% to about $83,700 ahead of August PCE data
- —CryptoQuant: bitcoin spot demand shrank by roughly 170,000 BTC over 30 days
- —Futures demand growth has dropped 90% since Sept. 14
- —Brent crude above $103 a barrel, up 14% in September; 30-year Treasury yields at highest since 2002
Why it matters: A hotter inflation print would reinforce rate-hike bets and pressure risk assets, including crypto.
Source: CoinDesk