The cryptocurrency market is falling every day. It just rose for a while in the past two days, and then it started to fall again. I feel helpless🙄

The PCE data was also released last night. The data was as expected, and it should be bullish, but it did not rise, but instead fell significantly!

😫😫

The reason is that inflation data had been expected before the release of the PCE data, and corresponding investment adjustments were made in the past few days. When the actual results of the PCE data came out, they did not exceed market expectations, so they failed to further stimulate the cryptocurrency market.

On the other hand, although the PCE data was mild, there is still uncertainty about the Fed's future interest rate hike policy. The market is worried that the Fed may continue to adopt a tightening policy to cope with potential inflationary pressures, which has put pressure on the cryptocurrency market.

And last night, the US stock market closed in an upward trend, and some capital flowed from the cryptocurrency market to the stock market, especially when some technology giants such as Tesla performed strongly. Everyone may think that the stock market is more attractive and stable in the current environment. $BNB $BTC $ETH

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