Bitcoin dips below $78,000 as US July PCE inflation data comes in higher than anticipated, also pressuring stocks and gold.
Bitcoin moved away from challenging the $80,000 mark after the July US Personal Consumption Expenditures (PCE) inflation data was released, showing a slightly higher figure than market expectations. This data also put downward pressure on gold and other risk assets.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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