Bitcoin Price Risks $76K as Ethereum Faces Drop Toward $2,000

Bitcoin price recovered above $80,000 after September’s US inflation report showed prices rising at the expected pace. The rebound followed a volatile session as traders weighed the Federal Reserve’s interest rate decision and uncertainty surrounding the US-Iran conflict. The Personal Consumption Expenditures (PCE) price index rose 0.5% in September and 3.6% from a year earlier. Annual inflation increased from 3.4% in August, according to the Bureau of Economic Analysis. The PCE index aligned with the market prediction for the month but still showed higher levels compared to the Fed’s 2% target. Core PCE, which doesn’t include food and energy, increased by 0.3% and 3.1% on a monthly and annual basis, respectively.

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