Prices briefly top $85,000 after softer U.S. inflation data

Oct 1, 2026 10:38 (24d ago)

Prices briefly exceeded $85,000 on Wednesday after softer-than-expected U.S. inflation.
U.S. inflation reduced market expectations for further Federal Reserve interest-rate increases.
Spot ETFs failed to sustain the move after buyers pushed prices higher.

Prices briefly rose above $85,000 on Wednesday after weaker-than-expected U.S. inflation reduced expectations for Federal Reserve rate hikes. The advance faded as buyers failed to maintain momentum, while spot ETFs, exchange-traded funds holding the underlying asset, did not support the move.