U.S. PCE at 2.8% Spurs Bitcoin Break above $90,000
The U.S. personal consumption expenditures (PCE) index for September came in at 2.8%, in line with forecasts and reaffirming market expectations that the Federal Reserve may pivot toward a rate cut at next week’s FOMC meeting. As the Fed’s preferred inflation gauge, a stable reading reduced near-term policy uncertainty and gave risk assets a lift. Traders quickly priced in a higher probability of easing, which helped fuel broad demand in crypto and equities.
Bitcoin (BTC) reacted sharply to the data, jumping on the release and pushing decisively above the key psychological $90,000 level. The breakout matters because lower rates typically boost risk appetite and can support flows into digital assets; clearing $90,000 may also trigger technical buying and renewed investor interest. Markets will now focus on Fed commentary and economic updates ahead of the policy decision next week.