Bitcoin News Today: Bitcoin's Bullish Pulse Syncs With PCE Surge and Blockchain Transparency Push

Bitcoin prices climbed as the U.S. Personal Consumption Expenditures (PCE) inflation hit 2.6% year-over-year, a key metric monitored by investors and central banks. The data, which reflects the broader economic environment, has introduced new dynamics into the cryptocurrency market, influencing risk sentiment and positioning ahead of major macroeconomic events. At the time of writing, Bitcoin was trading around $112,787, posting a modest 0.30% daily increase but facing resistance on the weekly scale. The PCE inflation reading is significant as it often serves as a precursor to Federal Reserve policy decisions, which in turn have cascading effects on global markets, including digital assets [2].

The release of the PCE data came amid a broader push by the U.S. government to modernize the dissemination of macroeconomic statistics. In a novel move, the Department of Commerce began distributing key economic data, including the PCE Price Index, on public blockchains. Partnering with oracle protocols Chainlink and Pyth Network, this initiative brings critical economic indicators onto platforms such as Arbitrum, Ethereum, and Bitcoin, allowing for greater transparency and real-time accessibility. The data is anchored using cryptographic hashes to ensure integrity, and it is designed to support use cases in decentralized finance (DeFi), prediction markets, and tokenized assets [2].

Bitcoin's price movements remain closely tied to major macroeconomic triggers. Analysts highlight that the cryptocurrency is currently trading within a defined range between $107,000 and $113,600, with key support levels around $107,000–$108,900 and resistance above $113,000. A breakdown below these ranges could lead to a pullback toward $93,000–$95,000. According to data from Glassnode, the percentage of Bitcoin supply in profit is nearing 90%, a level often associated with significant market transitions. If this threshold holds, it could signal a continuation of the bullish trend; however, a drop below this level may trigger a correction [1].

Despite short-term volatility, structural demand for Bitcoin remains robust. Institutional and corporate buyers, including U.S. spot ETFs, have absorbed significant supply, with over $81 million in inflows recorded in a single day. Additionally, governments and large financial institutions are collectively purchasing nearly 3,600 BTC daily, outpacing miner issuance. This trend is supported by historical on-chain data, which shows a high hashrate and strong institutional activity, reflecting confidence in Bitcoin’s long-term value [1].

Looking ahead, the cryptocurrency market is highly sensitive to upcoming economic releases. The release of U.S. job data, the September 11 inflation report, and the Federal Reserve’s policy meeting on September 17 will be critical in shaping near-term risk sentiment and positioning. Technical indicators such as the 14-month RSI suggest a bearish divergence, signaling potential weakening in the current bull market. However, traders are still positioning for a rally, particularly through December BTC call spreads, which target prices as high as $190,000 by year-end [1]. This divergence between technical signals and market flows highlights the complexity of forecasting Bitcoin’s trajectory amid evolving macroeconomic conditions.

Source:

[1] Bitcoin May Have Topped, Warns Key Indicator, But Flows Continue to Lean Bullish (https://www.coindesk.com/markets/2025/08/29/bitcoin-bull-market-may-end-early-warns-key-indicator-but-flows-continue-to-lean-bullish)

[2] US Government Begins Distributing Key Macroeconomic Data on Public Blockchains (https://www.theblock.co/post/368631/us-government-data-public-blockchains)