Bitcoin steadies at $83K as markets eye Fed rate outlook ahead of PCE data

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Global stock markets slipped to a one-week low amid rising economic uncertainty. Brent crude oil climbed for a second consecutive day, adding pressure on inflation expectations. Traders increased their bets on further Federal Reserve interest rate hikes as markets braced for key data. The Personal Consumption Expenditures (PCE) inflation report, due Wednesday, is being closely watched for signals on the Fed's next move. Meanwhile, Bitcoin held steady around $83,000 while Zcash (ZEC) saw a notable 12% decline.

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