✉news BusinessCrypto first seen 9 h ago, last 1 h ago, peak #9
Bitcoin steadies as soft PCE inflation cools Fed rate hike bets
Original: Bitcoin steadies as soft PCE cools October Fed rate hike bets
Bitcoin held steady after new US PCE inflation data came in softer than expected, reducing bets that the Federal Reserve will raise interest rates in October. The cooling inflation reading eased pressure on risk assets, with traders viewing it as a positive signal for cryptocurrencies and other speculative investments in the near term.
Why now: Fresh US inflation data shifted expectations for Fed policy, moving crypto and broader risk markets.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/505885