The release of the US first quarter core PCE price index at 20:30 tomorrow night may have the following impacts on the cryptocurrency market:

Inflation expectations rise: If the core PCE index shows rising inflation levels, this may increase market expectations for the Fed to raise interest rates. Rate hikes typically cause investors to move funds to safer assets, such as bonds, thereby reducing demand for risky assets such as cryptocurrencies.

Monetary policy response: The core PCE price index is one of the important indicators in the Fed's decision-making. If the data shows increasing inflationary pressures, the Fed may be inclined to take tighter monetary policy measures, which may have a negative impact on the cryptocurrency market.

Market sentiment impact: Investors' concerns about inflation will affect their confidence and views on the cryptocurrency market. The market expects that inflation may lead to slower economic growth or tighter monetary policy, which may reduce investment demand for cryptocurrencies. Want to know more about the first-hand information and in-depth analysis of the currency circle? Hurry up and click on the homepage to view the introduction, which will bring you the latest market analysis and high-quality potential currency recommendations every day

Liquidity impact: High inflation data may lead to tighter market liquidity, which may have a negative impact on liquidity-sensitive assets such as cryptocurrencies.

In summary, the release of the core PCE price index will directly or indirectly affect the Fed's policy direction and market sentiment, thereby affecting the cryptocurrency market. Investors should pay close attention to the release of this data in order to understand its specific impact on the market

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