58%
Above 0.2%
▼ 2 pts in 24 h
- Above 0.1% 92%
- Above 0.2% 58%
- Above 0.3% 15%
- Above 0.4% 4%
- Above 0.5% 1%
Above 0.2%, last 16 days
macroeconomics
Bitcoin hits highest level since January as US PCE inflation cools to 3.4%
0Importance
closedStatus
3News media
3Pieces
- Published
- Updated
- Since then
- 1 new report
- In
- Bitcoin
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.
Key claims & sources
✓
Bitcoin reached its highest price since January after the US personal consumption expenditures inflation measure was reported at 3.4% in August.
✓
Within minutes of the inflation release, Bitcoin traded above $85,000 and gold also moved higher.
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Crypto shorts faced a 2,633% liquidation imbalance while Bitcoin, Ether and XRP moved higher.
✓
Bitcoin, Ether and XRP advanced as the August personal consumption expenditures price index came in at 3.4% annually.
What it means
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 i
+1.8%
2 h before
-1.5%
4 h after
$85,401price at publication
12data points
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.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
Crypto Briefing
scoop
Sep 30 12:59
Crypto Briefing
scoop
Breaks the event
+30 min
BeInCrypto
context
Sep 30 13:29
BeInCrypto
context
Its angle: expenditures, tradingview, consumption
+2 h 42 m
U.Today
adds
Sep 30 15:41
U.Today
adds
Brings into the story: XRP
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 i
88%
3.7%
▼ 1 pts in 24 h
- 3.7% ▼1 88%
- 3.8% ▼2 8%
- 3.6% ▲1 2%
- 4.0% <1%
- 8 more3%
3.7%, last 16 days
88%
2.6%
▼ 2 pts in 24 h
- 2.6% ▼2 88%
- 2.5% ▲2 4%
2.6%, last 15 days