Bitcoin Jumps Above $85,000 After Softer US Inflation Data
- —US core PCE inflation slowed to 3.0% y/y in August vs 3.3–3.4% expected
- —Headline PCE eased to 3.4% y/y, with a 0.3% monthly rise
- —BTC climbed to $85,451 from $83,400 in the morning, up 1.2% on the day
- —XRP at $1.53, SOL at $122.18, ETH at $2,731 — gains of 0.1–1.6%
Why it matters: Softer inflation lowers the odds of a Fed rate hike, supporting risk assets; BTC is on track for its best September on record.
Source: Crypto Insiders