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Bitcoin price today: slides to $90k ahead of PCE inflation, potential Fed cut

Investing.com-- Bitcoin slipped on Friday but held most of its gains from a sharp mid-week recovery, as traders remained focused on expectations of a U.S. Federal Reserve rate cut and awaited key inflation data.

The world’s largest cryptocurrency last traded 1.4% lower at $90,639 by 09:02 ET (14:02 GMT).

Earlier this week, Bitcoin had briefly fallen toward $84,000, its lowest level in nearly a month, after a wave of risk-off sentiment triggered heavy leveraged liquidations across crypto markets.

Still, a sharp rebound mid-week put Bitcoin on track for a marginal weekly rise.

Source Link: https://www.google.com/amp/s/m.investing.com/news/cryptocurrency-news/bitcoin-price-today-dips-to-92k-ahead-of-pce-inflation-potential-fed-cut-4392545%3fampMode=1

Exactly!

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