Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data
Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.
Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations.
Key points:
Data from TradingView tracked up to 1% daily BTC price losses, with US stocks also opening lower and gold breaking below $4,600 per ounce.
Source: Source: Cointelegraph