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Bitcoin nears $85K as US inflation cools, fueling hopes for Fed rate pause.

Market News
30 Sep 2026
Coingape
View Source
Bullish
Bitcoin nears $85K as US inflation cools, fueling hopes for Fed rate pause.

Bitcoin's price approached $85,000 following the latest US inflation report showing a slowdown in the Personal Consumption Expenditures (PCE) inflation to 3.3% annually. The report indicated easing inflation pressures but also strong consumer spending, creating uncertainty about the Federal Reserve's next interest rate decision. Markets currently see nearly equal chances of the Fed holding rates steady or raising them by 25 basis points in October. This mixed outlook is driving cautious optimism in Bitcoin's recent rally from mid-September lows around $76,000 to above $84,000.

Bitcoin trades at Rp1.509.779.645 on Pluang as of Sep 30, 2026 21:16 WIB, showing a modest 0.04% increase in the last day. This steady price movement occurs alongside a strong buy interest, with 70% of Pluang orders favoring purchases. The ongoing cautious optimism in Bitcoin aligns with the market's mixed outlook on US interest rate decisions following the inflation report.

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