Home / Crypto News / Bitcoin, Crypto LIVE Updates Today: US PCE Inflation, GDP, Jobs Data Puts Rally Under Threat

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

02:45:00 PM UTC, 21 August 2026

Bitcoin Price Pulls Back From $78K As PCE, GDP, Jobs Data Loom

Bitcoin Price Forecast Sees $66K as White House Grows 'Bullish' on CLARITY Act

After an explosive surge today, the Bitcoin price rally is seeming to cool down. According to CoinGecko data, BTC price was at $78,543.79 at one point during the peak in the last 24 hours, indicating a 9.7% surge. It had a market cap of $1.543 trillion at the time and traded $63.312 billion in volume every day.

The BTC price, however, later pulled back towards the $76,000 area. The move follows markets’ reaction to Treasury’s larger purchases of long-term bonds, and traders’ anticipation of US PCE inflation, GDP and jobs data that will be crucial to the continued strength of the rally.

About Author

Kritika boasts over 4 years of experience in the financial news sector. Currently working as a crypto journalist at Coingape, she has consistently shown a knack for blockchain technology and cryptocurrencies. Kritika combines insightful analysis with a deep understanding of market trends. With a keen interest in technical analysis, she brings a nuanced perspective to her reporting, exploring the intersection of finance, technology, and emerging trends in the crypto space.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.