Bitcoin rose as high as $81,000 after the September U.S. PCE inflation data came in line with expectations. It was later trading just above $80,000, down on the day, according to TradingView data.
The PCE index rose 3.6% from a year earlier, up from 3.4% in August. The report says inflation concerns persisted amid uncertainty over the U.S.-Iran war. Polymarket put the chance of a 25-basis-point Fed rate hike in December at 78%, though those odds could change with further inflation data.
