ADVFN US – Market Content Editor

Bitcoin reacts to PCE data Bitcoin (COIN:BTCUSD) reached an intraday high of $66,550 on Friday and is currently trading at $65,566, a 0.6% increase over the past 24 hours. This rise followed the release of U.S. inflation data, with the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred measure, dropping to 2.2% in August,…

Crude oil futures are inching up $0.03 to $67.70 a barrel after plunging $2.02 to $67.67 a barrel on Thursday. Meanwhile, after climbing $10.20 to $2,694.90 an ounce in the previous session, gold futures are edging down $2.90 to $2,692 an ounce. On the currency front, the U.S. dollar is trading at 142.87 yen versus…

Consumer prices in the U.S. crept up in line with economist estimates in the month of August, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in August after rising by 0.2 percent in July. The…

Bitcoin surpasses $65,000 after Fed rate cuts and China news The price of Bitcoin (COIN:BTCUSD) reached a high of $65,632 in the last 24 hours, marking the highest value in almost two months. Priced at $65,380 at the last check, the increase began with the Federal Reserve’s 50 basis-point rate cut and was boosted by…

Crude oil futures are tumbling $1.57 to $68.12 a barrel after plunging $1.87 to $69.69 a barrel on Wednesday. Meanwhile, after rising $7.70 to $2,684.70 an ounce in the previous session, gold futures are climbing $9.90 to $2,694.60 an ounce. On the currency front, the U.S. dollar is trading at 144.53 yen versus the 144.75…

New orders for U.S. manufactured durable goods were virtually unchanged in the month of August, according to a report released by the Commerce Department on Thursday. The Commerce Department said durable goods orders came in flat in August after soaring by 9.9 percent in July. Economists had expected durable goods orders to tumble by 2.6…