Bitcoin at $83,329 Ahead of August Core PCE Release
- —Bitcoin at $83,329, just 0.71% above its 24-hour low of $82,735
- —August core PCE forecast at 0.3-0.5% month on month, around 3.4% year on year
- —July core PCE came in at 3.3% year on year and 0.2% month on month
- —10-year US Treasury yield hit about 5.27%, the highest since June 2007
Why it matters: Any deviation from the core PCE forecast will shape October rate expectations and set the direction for bitcoin and Ethereum.
Source: CryptoTicker