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The Economic Times
The Economic Times
Surbhi Khanna

Bitcoin consolidates near $79K ahead of US PCE, GDP Data; whales book record $1.2 billion profit in 3 days

Bitcoin GDP United States Inflation Prateek Gupta Radhika Gupta Hyperliquid

Bitcoin consolidated near the $79,000 mark on Wednesday as traders awaited key US macroeconomic data, including PCE inflation and GDP figures, while signs of profit-taking also emerged. The cryptocurrency was last seen trading at $78,766.

Over the past 24 hours, Bitcoin and Ethereum declined 1.48% and 1.05%, respectively. Among major altcoins, BNB, XRP, Solana, Tron, Dogecoin and Cardano fell by up to 4.80%, while Hyperliquid gained 1.53%.

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