July US PCE inflation in the United States came in 0.1 percentage point higher than forecast, according to the official release from the Bureau of Economic Analysis (BEA). Bitcoin moved below $78,000 after the Wednesday Wall Street open. Stocks and gold also fell in the same session. BTC traded near $78,809 and ETH near $2,491 at the time of capture, according to Cointelegraph data. Markets now point to Nvidia Q2 earnings as the next volatility trigger. Analysts cite the 50-week EMA at approximately $77,251 as a price level worth watching, though readings around that level have yet to be confirmed in subsequent sessions.
Cointelegraph / US Bureau of Economic Analysis (BEA)