Bitcoin dips below $78K as stocks, gold fall on higher US PCE Inflation data

The PCE miss reinforces that macro data, not crypto-specific narratives, is setting the tone for bitcoin's near-term direction. A hotter inflation print tightens the case for sustained higher rates, which historically drains liquidity from risk assets across the board—bitcoin's drop in tandem with stocks and gold underscores its current correlation to traditional macro risk. The failure to reclaim $80,000 before the data suggests sellers remain in control at that level. The key question is whether this inflation signal is a one-off or the start of a trend that keeps pressuring all asset classes, with bitcoin's sensitivity to rate expectations as the focal point.