Bitcoin offers rollercoaster BTC price action as U.S. PCE data flows in, with Fed Chair Powell due to speak.
on Bitstamp as the result of 2% daily gains before Bitcoin retraced all of its progress.Bitcoin appeared to react well to the latest U.S. macroeconomic data prints.
GDP for Q2 grew by 1.7% year on year — below the projected 2.0% — while Personal Consumption Expenditures index data for August came in in line with expectations.X subscribers beforehand. Data from the Binance BTC/USD order book uploaded by Alan showed little by way of resistance standing in the way of spot price under the $27,000 mark.
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