[Bitcoin briefly rises to $85,600 before pulling back, $55 million in short positions liquidated in 4 hours] Odaily Planet Daily News: Bitcoin briefly surged to $85,600 on Wednesday following the release of U.S. August Personal Consumption Expenditures (PCE) inflation data, which came in lower than expected, before pulling back to $84,350. In the derivatives market, $55 million in short positions and $27 million in long positions were liquidated within four hours after the PCE data was released. (Bitcoin.com News)