The decline in Bitcoin and altcoins continues to deepen. At this point, Bitcoin, which has fallen by 8% in the last 24 hours, has fallen below $ 80,000, while the decline in altcoins has also reached double digits.
While wondering whether the decline in BTC ($81,476.13) will continue, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, was announced.
Accordingly, personal consumption expenditures data for January were as follows:
Core Personal Consumption Expenditure Price Index (YoY) Announced 2.6%– Expected 2.6% – Previous 2.8%
Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.2%
Personal Consumption Expenditure Price Index (Annual) Announced 2.5%– Expected 2.5%– Previous 2.6%
Personal Consumption Expenditure Price Index (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3%
What Was Bitcoin (BTC)’s First Reaction?
*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?
