Yesterday, the September core PCE data released by the United States came as a small surprise to the market - the annual rate unexpectedly fell to 2.8%, a three-month low.

As soon as this inflation indicator came out, Bitcoin immediately reacted. The price rose 1.06% in a short period of time and re-stood at the $91,000 mark. It seems that investors are still quite sensitive to the fact that the Fed may slow down the pace of interest rate hikes.

PCE, as the Fed's most concerned inflation gauge, stirs market sentiment every time data is released. Although this decline is not large, it is a good sign for risk assets. This wave of rebound in the crypto market also reflects the bet of funds on the macro environment.

Of course, a single data point does not tell the trend. The follow-up depends on whether employment and GDP can continue to support cooling expectations.