Bitcoin Slips Ahead of U.S. PCE Inflation Data
Bitcoin fell 1.35% to $80,164 as investors await the September PCE report, which could signal a December Fed rate hike.
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what happened
Market Talk reports that bitcoin slipped 1.35% to $80,164.63 in Asian trading. Investors are waiting for the September PCE index, the Federal Reserve's preferred inflation gauge, due later on Thursday.
The Fed held rates steady, but two officials dissented in favor of a quarter-point increase. MUFG Bank and XS.com analysts say a firmer inflation print could reinforce expectations for a December hike and keep Treasury yields elevated.
The 10-year Treasury yield settled at 5.044%. The yen traded near 157.84 per dollar, and Japanese government bond yields edged higher ahead of the Bank of Japan's two-day meeting.
why it matters
For bitcoin, tighter monetary policy is a headwind: higher rates make interest-bearing assets more attractive and can curb appetite for risk. The PCE release is therefore a key reference point for crypto and other risk assets.
market impact
Bitcoin and risk assets: expectations of Fed tightening weigh on risk appetite
- Bitcoin pressure down — expectations of a Fed rate hike reduce investors' appetite for risk
- US Treasuries pressure down — expectations of a December hike keep yields elevated
tags
instruments
sources
- Bitcoin Slips as Investors Await U.S. Data — Market Talk, 29 October 2026 at 02:06 UTC
- Bitcoin Slips as Investors Await U.S. Data — Market Talk, 29 October 2026 at 02:06 UTC
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