Bitcoin’s Soft‑Inflation Surge to $85,500 Fades as Treasury Yields Remain Elevated
Bitcoin’s brief ascent past the $85,000 mark on Wednesday was sparked by a softer‑than‑expected Personal Consumption Expenditures (PCE) report, a key gauge of U.S. inflation. Traders initially interpreted the data as a sign that price pressures were easing, which could reduce the likelihood of aggressive Federal Reserve tightening. In response, the world’s largest cryptocurrency rallied, briefly …
Oct. 1, 2026, 4:15 a.m.