💵 The core PCE being below expectations hinted at a potential for the Federal Reserve to maintain or even accelerate its easing policy.
There was a noticeable uptick in $BTC prices, with reports indicating #Bitcoin recovering to around $95,000 immediately after the announcement. 🪙
Lower #inflation figures might encourage the Fed to consider further rate cuts, which could reduce the opportunity cost of holding non-yielding assets like #cryptocurrencies . This scenario typically leads to increased investment in cryptocurrencies as investors seek higher returns in a lower interest rate environment.
But the market remains sensitive to further economic indicators and policy announcements. So it's kind of early to be #bullish yet.
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