Bitcoin remained largely unchanged as US Personal Consumption Expenditures (PCE) inflation held steady at 2.7% annually in April. Despite the steady inflation rate, equity indices won in pre-market trading, renewing that the end of the higher interest rate regime may be near.

Bitcoin's price is up a modest 0.7% over the past 24 hours, trading at $68,738 as of 9:26 a.m. ET. The GM30 index, which represents the top 30 cryptocurrencies, saw a slight increase of 0.55% to 144.92% during the same period.

The U.S. Bureau of Economic Analysis reported Friday that the PCE Price Index was unchanged at 2.7% annually in April, in line with economists' expectations. This steady inflation pressure led to gains in stock indexes, with Dow Jones Industrial Average futures rising 0.2%, S&P 500 futures rising 0.3% and the NYSE composite gaining 0.32% in premarket trading.

Despite the positive reaction from stock markets, Nansen.ai Chief Research Analyst Aurelie Barthere said inflation remains here to stay. Barthere noted that the market is pricing in two federal reserve rate cuts for 2024, but warns of continued downside risks if the high-rate regime continues.$ETH #BinanceHerYerde #StartInvestingInCrypto $BTC