Bitcoin Surges Past $85 000 Amid Cooling US Inflation

Bitcoin price exceeded $85 000 as US August PCE inflation data arrived at 3.4%, falling short of the 3.7% market forecast.

September 30, 2026, 03:59 PM·2 views

Photo: Crypto Briefing

Bitcoin's price surpassed $85 000 following the release of August inflation data in the United States. The Personal Consumption Expenditures (PCE) index rose by 3.4%, which is lower than the anticipated 3.7%.

The core PCE index also showed a decline, reaching 3.0%. This figure came in below the market forecast of 3.3%. These economic indicators provided the necessary momentum for the cryptocurrency to rally.

The recent price movement marks the highest level for Bitcoin since late January. Market participants are interpreting these cooling inflation figures as a potential shift in future monetary policy expectations.