Bitcoin trapped below $86K as PCE changes cloud inflation reading
Bitcoin erased its post-PCE gains as analysts cautioned that methodology changes complicated the lower-than-expected inflation reading.
Bitcoin (BTC) held above $83,000 on Thursday after giving back gains following lower-than-expected US inflation data.
Key points:
Data from Coinbase showed BTC/USD flat on the day after a brief bout of volatility ahead of September’s monthly and third-quarter close.