Bitcoin Price Gives Up Gains After Short-Lived Pump to $85.5K
Bitcoin pumped above $85,500 on Wednesday morning following the release of lower-than-expected U.S. PCE inflation data for August—but a quick pullback erased most of the gains. PCE Data Triggers Intraday Volatility Bitcoin’s price briefly spiked to $85,500 on Wednesday before a sell-off nearly erased the gains, leaving the cryptocurrency marginally higher just hours before […]
Key Takeaways
- Bitcoin pumped above $85,500 on Wednesday morning following the release of lower-than-expected U.S.
- PCE inflation data for August—but a quick pullback erased most of the gains.
- PCE Data Triggers Intraday Volatility Bitcoin’s price briefly spiked to $85,500 on Wednesday before a sell-off nearly erased the gains, leaving the cryptocurrency marginally higher just hours before […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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