Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data
Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations. Key points: Bitcoin sees further downside after US PCE inflation data came in 0.1% higher than expected in July.
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Key Facts
- Fact 1: Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations.
- Fact 2: Key points: Bitcoin sees further downside after US PCE inflation data came in 0.1% higher than expected in July.
- Fact 3: Markets await Nvidia Q2 earnings release as Wednesday’s next potential volatility catalyst.
- Fact 4: BTC price analysis warns over 25% weekly gains forming a bear market relief rally.
Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations. Key points: Bitcoin sees further downside after US PCE inflation data came in 0.1% higher than expected in July.
Markets await Nvidia Q2 earnings release as Wednesday’s next potential volatility catalyst. BTC price analysis warns over 25% weekly gains forming a bear market relief rally. Higher-than-expected PCE data pressures Bitcoin 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.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: Cointelegraph
Also reported by Cointelegraph — Bitcoin.
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