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BITCOIN SURGES AS PCE INFLATION DATA COOLS, RATE-HIKE ODDS PLUMMET
⢠The Personal Consumption Expenditures (PCE) inflation data shows a lower-than-expected reading, calming rate-hike fears.
⢠The cooling inflation data led to a decline in rate-hike odds, providing a boost to risk-on assets like Bitcoin.
⢠Bitcoin price jumped as traders took the hint, with some analysts speculating a potential shift in the Fed's interest rate trajectory.
Are you loading bags here or watching from the sidelines? đ
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#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH
BITCOIN SURGES AS PCE INFLATION DATA COOLS, RATE-HIKE ODDS PLUMMET
⢠The Personal Consumption Expenditures (PCE) inflation data shows a lower-than-expected reading, calming rate-hike fears.
⢠The cooling inflation data led to a decline in rate-hike odds, providing a boost to risk-on assets like Bitcoin.
⢠Bitcoin price jumped as traders took the hint, with some analysts speculating a potential shift in the Fed's interest rate trajectory.
Are you loading bags here or watching from the sidelines? đ
đĄ Via Decrypt
đ Like and follow for more informative content like this!
#crypto #newsdaily #news #BREAKING #BTC $BTC $ETH