Bitcoin Holds Above $78,000 Amid Elevated US Inflation Concerns

The cryptocurrency market remains in a constructive tone, with Bitcoin sustaining gains above $78,000 on Thursday.

This comes as the US July Personal Consumption Expenditures (PCE) Price Index inflation came in higher than expected, indicating that inflation remains elevated.

The Germany GfK Consumer Confidence Survey for September came in at -26.6, beating forecasts of -29.6. While this may seem like a negative indicator, it's worth noting that the survey is still below zero, suggesting ongoing economic uncertainty.