Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data

Bitcoin stayed away from challenging $80,000 after July US PCE inflation data came in slightly higher than anticipated, pressuring gold and risk assets.

Bitcoin (BTC) slipped under $78,000 following Wednesday’s Wall Street open after US inflation data came in above expectations.

Key points:

Data from TradingView tracked up to 1% daily BTC price losses, with US stocks also opening lower and gold breaking below $4,600 per ounce.

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