The cryptocurrency market is about to be shaken! The inflation data that Wall Street values most is coming again.
The U.S. stock market has already fallen in panic before the market. The last time CPI was higher than expected, Bitcoin also plummeted by 4%, because this would delay the Fed's monetary easing.
This time the PCE will be released at 8:30 tomorrow night. If it is lower than expected, it is positive, and if it is higher than expected, it is negative. Because inflation has not come down, if the Fed does not release money, all kinds of assets will lose blood, so Friday's inflation data is very critical, and now it is falling in panic.
I hope PCE can give us a surprise this time!