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Bitcoin briefly hits $81K after US inflation data but faces pressure from rising rates and Fed decisions.

Market News
29 Oct 2026, 22:05 WIB
Cointribune
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Neutral
Bitcoin briefly hits $81K after US inflation data but faces pressure from rising rates and Fed decisions.

Bitcoin briefly rebounded to around $81,000 following the release of US PCE inflation data, which matched expectations with annual inflation rising to 3.6%. However, this rebound is seen as temporary relief rather than a strong bullish signal, as inflation remains above the Fed's 2% target, increasing the likelihood of a rate hike in December. Historical data shows Bitcoin's reaction to PCE releases is generally short-lived and unpredictable. The cryptocurrency's ability to sustain above $80,000 depends largely on real interest rates and upcoming Federal Reserve decisions, with bond yields and economic indicators like employment and CPI inflation playing key roles in its future direction.

Bitcoin's recent price action is context for readers. For those following major cryptocurrencies on Pluang as of Oct 30, 2026 01:32 WIB: 24 of 50 rose and 25 fell. Notable moves include ZIL at Rp37 (+2.27%, 66% Sell / 34% Buy), ALGO at Rp1.819 (-2.15%, 46% Sell / 54% Buy), and FTM at Rp11.382 (-2.05%).

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