Bitcoin slips to two-and-a-half-week low as yields rise
Bitcoin fell to a two-and-a-half-week low after U.S. stocks declined overnight, as Treasury yields rose and oil prices rallied amid ongoing Middle East conflict.
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US PCE, GDP, ADP reports: inflation cools, consumer spending strong
August PCE inflation rose 0.3% month-on-month and 3.4% year-on-year, below expectations. Core PCE rose 0.2% monthly and 3.3% annually, also cooler than predicted. Second-quarter GDP was revised up to a 2.2% annualized rate, while September private sector jobs added by ADP surged to 90,000, exceeding forecasts.