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Bitcoin climbs above $105,000 amid Fed decisions$BTC $ETH On January 29, the US Federal Reserve System (FRS) left the key rate in the range of 4.25-4.5% per annum, continuing the pause in the cycle of monetary policy easing, which began at the three previous meetings. The decision was in line with analysts' expectations and market forecasts. After the Fed's rate announcement, the Bitcoin price tested the $104,000 level, and on the morning of January 30, it exceeded $105,000, reaching $105,450 at the time of publication. The reason for the growth was the comment by Fed Chairman Jerome Powell about the possibility of American banks working with cryptocurrencies while observing risk management principles.

Bitcoin climbs above $105,000 amid Fed decisions

$BTC $ETH
On January 29, the US Federal Reserve System (FRS) left the key rate in the range of 4.25-4.5% per annum, continuing the pause in the cycle of monetary policy easing, which began at the three previous meetings. The decision was in line with analysts' expectations and market forecasts.
After the Fed's rate announcement, the Bitcoin price tested the $104,000 level, and on the morning of January 30, it exceeded $105,000, reaching $105,450 at the time of publication. The reason for the growth was the comment by Fed Chairman Jerome Powell about the possibility of American banks working with cryptocurrencies while observing risk management principles.
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Why is the PCE index important for the economy and cryptocurrencies?Many people pay attention to the Consumer Price Index (CPI). But there is another important indicator that is worth considering - the PCE (Personal Consumption Expenditures) index. What is the PCE index? The PCE index tracks changes in the prices of goods and services that consumers buy, but unlike the CPI, it takes into account changes in consumer habits. It is a more flexible and accurate tool for assessing inflation because it takes into account changes in consumer behavior.

Why is the PCE index important for the economy and cryptocurrencies?

Many people pay attention to the Consumer Price Index (CPI). But there is another important indicator that is worth considering - the PCE (Personal Consumption Expenditures) index.

What is the PCE index?

The PCE index tracks changes in the prices of goods and services that consumers buy, but unlike the CPI, it takes into account changes in consumer habits. It is a more flexible and accurate tool for assessing inflation because it takes into account changes in consumer behavior.
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