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Bitcoin Holds Around $90,000 as Cooling U.S. Inflation Lifts Risk Appetite

Bitcoin trades near $90,000 following U.S. Personal Consumption Expenditures (PCE) inflation data showing signs of cooling, encouraging renewed risk‑on sentiment in the market.

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Terms & Concepts
  • PCE Inflation: Personal Consumption Expenditures inflation, a key U.S. indicator measuring consumer price changes and used by the Federal Reserve to guide monetary policy.
  • Risk‑On Sentiment: A market condition where investors favor high‑risk assets such as stocks and cryptocurrencies due to improving economic outlooks.
  • Bitcoin Consolidation: A trading phase where Bitcoin’s price moves within a narrow range, indicating a balance between buying and selling pressures.