Daily Market Updates: Bitcoin slips below $78,000 as higher US PCE weighs on risk

Crypto

Home›Crypto›Market Structure›Bitcoin slips below $78,000 as higher US PCE weighs on…

Bitcoin slips below $78,000 as higher US PCE weighs on risk

Cointelegraph links the move to July US PCE inflation printing slightly higher than expected, which also pressured gold and broader risk assets.

Reported · Written up by our desk · Market Structure

Bitcoin fell below $78,000, as markets digested July US personal consumption expenditures inflation data that came in slightly higher than expected, according to Cointelegraph.

The outlet said the hotter-than-anticipated PCE reading pressured gold and risk assets, weighing on crypto after Bitcoin stayed near but below the more challenging $80,000 level.

Cointelegraph characterized the price action as Bitcoin backing away rather than breaking upward following the inflation-driven market shift.

Latest closeGold $4,432.00 ▲1.6%|Bitcoin $78,412.16 ▼0.2%

← Newer storyAI adoption is forcing actuaries to rethink training and accountabili…Older story →Oil rises as report says Russia plans further Ukraine escalation

More like this

CryptoEthereum faces $2,500-$2,535 resistance with $2,000 downside risk

CryptoSmarter Web’s head of Bitcoin strategy exits Sept. 1 with no successor named

CryptoDormant Bitcoin wallets move $40M in BTC over one week

CryptoUnstoppable Domains refunds web3 names after skipping ICANN 2026 round

CryptoDeFi Development Corp launches Solana network dashboard for investors

Sources

CointelegraphBitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data

Crypto

Bitcoin slips below $78,000 as higher US PCE weighs on risk

More like this

Sources

Get the close, explained.