$BTC
BTC Dips Below $90K as Delayed Inflation Data Strengthens Fed Rate-Cut Narrative
• A long-delayed U.S. inflation print stirred crypto markets on Friday, reinforcing expectations of a Federal Reserve rate cut next week—while Bitcoin failed to defend a crucial support zone.
• The September Personal Consumption Expenditures (PCE) report, postponed due to the government shutdown, showed headline inflation at 2.8%, aligning with the core PCE reading that excludes food and energy. This came in below Wall Street’s 2.9% forecast, giving the Fed additional justification to ease policy at its December 9–10 meeting.
• Bitcoin initially reacted calmly, holding above $92,000 following the release, but selling pressure later intensified as weakness spread across the broader crypto market.
• By early Saturday, BTC was trading around $89,600, down approximately 2.5% over 24 hours. Market participants are now pricing in an 87% chance of a 25-basis-point rate cut, according to CME FedWatch 📉📊
