Bitcoin Volatility Returns as Cooler Inflation Report Fades

The Bitcoin price saw significant fluctuations on September 30 after the U.S. Bureau of Economic Analysis released its Personal Income and Outlays report for August.

The report showed that the Federal Reserve's preferred inflation gauge rose less than many market forecasts had implied, prompting a brief rally towards $85,000 before the advance faded.

However, the price soon reversed course, dropping back to the low-to-mid $83,000s and stabilizing there.