Bitcoin ignores new US inflation problems
Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD pair approaching $27,000.
The pair unexpectedly rose after the day's Personal Consumption Expenditures (PCE) data showed its first gains since October 2022.
Such a reading should present a headwind for risk assets, including cryptocurrencies, as it implies that inflation remains persistent and further financial tightening may be necessary to control it. #BTC #btcusdt #bitcoinpizzaday #bitcoin
