The week's economic data and how they affect crypto
On Thursday, the first reading of economic growth for the fourth quarter of 2023 is expected.
It is expected to come in at 2.0%. If it comes in around 2.0%, the speculation that the Fed would cut interest by March is more likely. And it is a good development for risky assets like crypto.
On Friday, The Personal Consumer Expenditure (PCE) index- the PCE is the change in the price of goods and services purchased by consumers, excluding food and energy. It is also expected to come in around 0.2%.
In other news- According to Coinpedia- Terraform Labs has filed for bankruptcy.