Why did the PCE data fall despite being in line with expectations? The reason is that inflation data had already been anticipated before the PCE data was released, which overdrew the positives and made corresponding investment adjustments in the previous few days. When the actual results of the PCE data came out, they did not exceed market expectations, and therefore 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 U.S. 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.
It depends on what will happen next. The most important thing is to see whether the Fed will cut interest rates and release water, otherwise the copycat may not be able to climb up from the bottom. #美国5月核心PCE物价指数年率增幅创2021年3月以来新低 #Mt.Gox将启动偿还计划 #币安合约锦标赛 $BTC