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…
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 […]
Source: https://news.bitcoin.com/market-updates/bitcoin-price-gives-up-gains-short-lived-pump-85-5k/
