Bitcoin surged past $85,500, its highest level since January, following the release of U.S. August PCE inflation data that came in lower than expected. The overall PCE inflation was 3.4%, below the 3.7% forecast, and core PCE inflation, excluding food and energy, was 3.0%, under the 3.3% estimate. This softer inflation reading suggests less pressure on the Federal Reserve to raise interest rates aggressively, boosting investor confidence in Bitcoin. The cryptocurrency's price rally reflects market optimism amid easing inflation concerns.
Following the news of easing U.S. inflation, Bitcoin remains strong on Pluang, trading at Rp1.522.862.660 with a modest 0.37% gain as of Sep 30, 2026 20:33 WIB. The market shows robust interest with a 70% buy order activity and a typical holding period of 110 days, indicating steady investor confidence despite recent volatility.
In the hour ending 8:44 a.m. ET on Sept. 30, $61.6 million worth of crypto positions were liquidated, with Bitcoin accounting for $37.6 million or over 60% of the total. The vast majority of these liquidations were short positions, totaling $59.2 mil...
Bitcoin's price increased by 2.19% within four hours, reaching $84,887 as of Wednesday morning ET, extending its 24-hour gain to 0.61%. The rise came with significant short liquidations totaling $17.59 million across major exchanges Binance, Bybit, a...
Bitcoin is approaching $83,000 as it enters the final quarter of 2026, raising the question of whether it can reach $100,000 before year-end. The cryptocurrency has gained over 40% in Q3, supported by renewed demand for US spot Bitcoin ETFs with $2.4...
Bitcoin surged past $85,500 following US data showing August PCE inflation at 3.4%, below the expected 3.7%, and core PCE inflation at 3%, also lower than forecast. The US GDP growth for Q2 was revised upward to 2.2%, driven by consumer spending, inv...
On September 30, Bitcoin (BTC) surpassed the $85,000 mark, reaching $85,002.60 with a daily gain of 2.31%. This milestone provides a new reference point for traders as BTC trades just above this significant threshold. The price movement highlights on...
