Bitcoin rallies as August PCE inflation cools to 3.4%

Bitcoin climbed above $85,000 after US August PCE inflation came in at 3.4%, below expectations of 3.7%. Core PCE fell to 3.0%, also below the 3.3% forecast.

The move pushed BTC to its highest level since late January, with the cooler inflation data supporting the rally.

This is a developing story.

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