Crypto
Bitcoin Slumps Below $83,100 as Market Awaits August PCE Inflation Report
Bitcoin's price has been under pressure after the Federal Reserve's September rate increase, with BTC trading at $83,100 on September 30, down 0.9%.
The next key test for the cryptocurrency is the August personal consumption expenditures (PCE) inflation report, due today, which could reinforce higher-for-longer expectations or ease pressure on risk assets.
Institutional flows are offering a counterweight to macro strain, with U.S. spot Bitcoin ETFs drawing $2.39 billion for the week ending September 26, the largest weekly inflow total of 2026.
The key resistance level is $84,000, which has not been reclaimed since the recent rate increase.