Bitcoin back at $83,500 as soft PCE fades against stubborn long-end yields
- —August PCE at 3.4% y/y; core at 3.0% versus 3.3% expected
- —30-year Treasury yield at 5.62%, highest since 2002
- —Bitcoin ETFs extend inflow streak to nine sessions, about $3.1 billion total
- —24-hour liquidations hit $197.8 million, with $125.6 million in longs
Why it matters: Friday's US jobs report is the next test: a strong print would boost December rate-hike bets and pressure bitcoin further.
Source: Journal du Coin