Bitcoin's price briefly surged above $85,500 following the release of lower-than-expected U.S. inflation data for August, signaling potential easing inflation pressures. However, the gains were quickly reversed, with the price falling back to around $84,350 within hours, reflecting high intraday volatility. This volatility led to $55 million in short position liquidations. Analysts suggest Bitcoin may dip into the high $70,000s before resuming an upward trend, amid expectations of further Federal Reserve rate hikes that could limit risk asset gains.
Bitcoin's market cap on Pluang stands at Rp30.337,3 trillion as of Oct 01, 2026 00:52 WIB, with a 24-hour trading volume of Rp633,73 trillion. The price is currently Rp1.505.131.494, showing a modest 0.71% increase over the past day. Pluang users are mostly buyers with 63% buy orders, and typical holding time is 110 days, indicating steady investor interest despite the recent price volatility noted in the article.
Bitcoin's price briefly surged to $85,600 following the release of U.S. August personal consumption expenditures (PCE) inflation data, signaling a market reaction to inflation news. Shortly after, the price fell back to $84,350. During the four hours...
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August's core Personal Consumption Expenditures (PCE) inflation rose 3.0% year-over-year, below expectations, easing pressure on the Federal Reserve to hike rates in October. Bitcoin responded positively, briefly surpassing $85,000 before settling ar...
Bitcoin, Ether, and XRP caused a huge 2,633% liquidation imbalance as US inflation remained stubborn and Treasury yields stayed high. Despite economic pressures like 5.2% US Treasury yields and inflation above target, these cryptocurrencies sparked a...
Bitcoin is encountering a significant sell wall between $85,000 and $85,500 on Binance, coinciding with a steady decline in U.S. spot Bitcoin ETF inflows since September 22. ETF inflows dropped from nearly $1 billion on September 21 to just $24 milli...
