Bitcoin hits highest level since January as US PCE inflation cools to 3.4%
Bitcoin moved to its highest level since January after the latest US personal consumption expenditures inflation reading came in at 3.4% year over year. The move came alongside gains in gold, while Bitcoin, Ether and XRP also advanced and crypto shorts saw a large liquidation imbalance.
What this rests on
What it means
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Traders and holders in Bitcoin, Ether and XRP were affected immediately because those tokens moved higher after the August inflation reading. The same session also showed gold rising, so the shift was visible across both crypto and traditional markets.
Market reaction
The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.
How the story was built
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Crypto Briefing
scoop
BeInCrypto
context
U.Today
adds
What Inflation (US CPI) has done before
| When | What happened | Figure |
|---|---|---|
| 2 months ago | Inflation (US CPI): 336.298 (+2.17) rise | Sep 2026 |
| 3 months ago | Inflation (US CPI): 334.131 (+1.32) rise | Aug 2026 |
| 4 months ago | Inflation (US CPI): 332.813 (+0.25) rise | Jul 2026 |
| 5 months ago | Inflation (US CPI): 332.568 (-1.41) fall | Jun 2026 |
| 6 months ago | Inflation (US CPI): 333.979 (+1.57) rise | May 2026 |
FRED series, with the value of each release and its change.
What could happen next
What the prediction markets currently price as likely. This is context, not a forecast of ours: there is money on it, and that is all we show.