Bitcoin stable as Fed fave PCE inflation sees first monthly drop in six years

Bitcoin and US stocks enjoyed a relief bounce as the South Korea semiconductor rout eased and US PCE inflation data conforms to year-on-year expectations.

Bitcoin (BTC) shook off volatility on Thursday as US stocks rebounded on the back of inflation-data relief.

Key points:

Data from TradingView showed BTC price action focusing on $64,500, broadly unchanged from the day prior. 

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