CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BitcoinSistemi 2025-05-30 12:32:07

BREAKING: The FED's PCE Data Used to Measure Inflation Has Been Announced! What Was Bitcoin's (BTC) First Reaction?

Bitcoin (BTC) renewed its ATH last week, rising above $111,000. However, it fell to $105,000 after profit taking. BTC experienced sudden declines after US President Donald Trump said that China had completely violated the agreement between the two countries. While altcoins accompanied this decline, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, were announced. Accordingly, personal consumption expenditures data for April were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.5%– Expected 2.5% – Previous 2.6% Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.1%– Expected 0.1%– Previous 0.0% Personal Consumption Expenditure Price Index (Annual) Announced 2.1%– Expected 2.2%– Previous 2.3% Personal Consumption Expenditure Price Index (Monthly) Announced 0.1%– Expected 0.1%– Previous 0.0% What Was Bitcoin (BTC)'s First Reaction? Following the data, Bitcoin price rose to $105,750. *This is not investment advice. Continue Reading: BREAKING: The FED's PCE Data Used to Measure Inflation Has Been Announced! What Was Bitcoin's (BTC) First Reaction?

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.