HOT DEVELOPMENT: Critical PCE Data Announced in the US! Is It Good or Bad for Bitcoin?
The Personal Consumption Expenditure Price Index (PCE) data, which is monitored by the FED in the US, has been announced
As of today, it is seen that increases are dominant in the cryptocurrency sector. The fact that the leading cryptocurrency Bitcoin (BTC) managed to exceed $ 65 thousand has increased the activity in the market. Despite the recent increases, the much-anticipated major uptrend in the crypto market has not yet started.
In the past minutes, some important economic data were announced in the United States (US). The latest data could affect financial markets and the crypto sector Here are the US PCE data that the FED is also closely following:
US Annual Core Personal Consumption Expenditure Price Index (PCE):
Previous: 2.6%
Expected: 2.7%
Reported: 2.7%
US Monthly Core Personal Consumption Expenditure Price Index (PCE):
Previous: 0.2%
Expected: 0.2%
Reported: 0.1%
US Annual Personal Consumption Expenditure Price Index (PCE):
Previous: 2.5%
Expected: 2.3%
Reported: 2.2%
US Monthly Personal Consumption Expenditure Price Index (PCE):
Previous: 0.2%
Expected: 0.2%
Reported: 0.1%
Although the latest PCE data released in the US brought an increase in the leading cryptocurrency Bitcoin (BTC), There is no significant detail in these data that would trigger increases (data was announced very close to expectations or in line with expectations).
