📉 Bitcoin Suffers Slight Correction on Steady US PCE Inflation
📊 US PCE inflation rose 0.3% in April, in line with market expectations. On a year-on-year basis, PCE inflation was up 2.7%.
😳 The #Bitcoin price, however, saw a slight correction despite the latest inflation data. Following the release of the PCE inflation rate, the $BTC price rose 0.95% to $68,773.23, but has since fallen back to $67,300.
👉 In particular, inflation remaining above the Federal Reserve's 2% target range has so far dampened investor sentiment.
