September U.S. PCE inflation printed 2.8%, matching expectations and increasing the odds of a Fed rate cut next week; Bitcoin jumped on the news and decisively cleared the $90,000 mark.

Cryptocurrency markets experienced a decline as Bitcoin, XRP, and Ethereum prices fell ahead of the release of the Personal Consumption Expenditures (PCE) data, the Federal Reserve's preferred measure of inflation. This data is closely watched as it influences future monetary policy decisions.