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Bitcoin fell below $78,000 after July US PCE inflation data exceeded expectations slightly. Stocks and gold also declined, while the cryptocurrency stayed below the $80,000 mark.
Gold reached a three-month high as a weaker dollar and falling yields supported demand. Bitcoin briefly moved above $80,000 for the first time since May, extending gains in focus across commodity and crypto markets.
Bitcoin bulls continued to contest the $80,000 zone as gold pulled back from its highest levels since mid-May. The moves occurred alongside falling US bond yields, according to Cointelegraph.
