Bitcoin slipped below $78,000 on Wednesday after hotter-than-expected U.S. Personal Consumption Expenditures (PCE) inflation data raised concerns about the Federal Reserves monetary policy outlook. The pullback came only hours after BTC surged above $80,000, highlighting heightened volatility across the crypto market. Bitcoin briefly recovered to around $78,043 following the decline but remained down about 0.64% over the previous 24 hours. Earlier in the session, BTC reached an intraday high of $81,235.03, marking its first move above the $80,000 threshold since May. The latest data from the… Read more
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