[Opinion] Bitcoin Stays Rangebound: Can Wednesday’s PCE Inflation Release Change Things?
4 Articles
4 Articles
Bitcoin remains stable on Wednesday (30), but remains below the recent peaks, at a time when the improvement in demand by cryptocurrencies stifles the maintenance of American long interest rates at high levels. The disclosure of the August PCE today, a measure of inflation preferred by the Fed, did not have much effect on the cryptocurrencies market so far. The core of the indicator and the accumulated ‘core' of the index in 12 months came below…
Bitcoin is holding steady near $83,700, having halted its recent rally, while markets await crucial U.S. inflation data and indications that could influence the Federal Reserve’s interest rate path. Wednesday’s key macroeconomic release is the Personal Consumption Expenditures (PCE) index, the Federal Reserve’s preferred inflation measure. Core PCE, which excludes food and energy prices, is expected to rise 0.3% month-on-month and 3.3% year-on-y…
Bitcoin Stays Rangebound: Can Wednesday’s PCE Inflation Release Change Things?
The Bitcoin price is still in a range from $83K up to $87K. Wednesday’s PCE inflation data is released later in the day. Could this change things for the $BTC price? A hot or cool Core PCE print? The PCE Price Index (Personal Consumption Expenditures) is what the Federal Reserve uses to measure...
At 14:30 CEST today, the number that decides more about October in the crypto markets than any analyst's opinion: the core PCE deflator for August. Bitcoin at this moment stands at 83,329 dollars or 73,513 euros and thus only 0.71 percent above the low of the past 24 hours. That's the shortest distance to a proven support since the weekend, and it meets an appointment that, according to experience, triggers movement in the percentage range. The …
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