Bitcoin holds above $83,000 as traders watch inflation and Fed policy
Image: CointelegraphBitcoin held above $83,000 after dipping roughly 1.7% to that area, and it began the fourth quarter at around $83,550. The Federal Reserve's target range is 3.75% to 4%. US PCE inflation came in at 3.4% year-on-year in August against expectations of 3.7%. Bitcoin posted third-quarter gains of 42.7%. Zcash fell approximately 12% in a single session.
Key points
- Bitcoin held above $83,000 in the latest sessions.
- The Federal Reserve's target rate range is 3.75% to 4%.
- Bitcoin traded well above its August lows despite macro pressure.
- Inflation readings and Fed rate expectations stayed in focus for crypto markets.
Why it matters
Bitcoin sitting above $83,000 keeps it above the $82,500 level that analysis marked as critical for its rebound from June lows. Inflation data and Fed rate expectations remain central to short-term crypto price moves.
What's unclear
The exact effect of PCE methodology changes on the August inflation reading is not resolved, estimates put the possible Core PCE reduction at up to 20 basis points.
Price context · BTC
At publication
$83,702.00
Now
$83,945.00
Change since
+0.29%
7 days · dashed line = publication
Sources · 2 publishers
Cointelegraph
Tier 1
Bitcoin holds above $83K as rally on lower US inflation data fades
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Cointelegraph
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
