CoinsAQ summary · neutral
Bitcoin rallies as US PCE inflation cools to 3.4%
What happened
US GDP growth was revised up to 2.2% in Q2 as the BEA reported 5% PCE inflation and 3.3% core PCE for the quarter. Bitcoin climbed above $85,500 on Wednesday after US August PCE inflation came in at 3.4%, below expectations of 3.7%, according to the Bureau of Economic Analysis..
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