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Bitcoin Stalls at $85,600 as Inflation Data Clouds Market

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin's latest price surge stalled at $85,600 after US inflation data came in lower than expected.

The Personal Consumption Expenditures (PCE) price index rose 3.4% year-on-year in August, below the forecasted 3.7%, but methodology changes complicated the reading.

BTC-denominated open interest fell almost 20% while its price rose 35% from its August low, making the rally less vulnerable to forced liquidations, according to Glassnode.

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