Bitcoin is facing new inflationary pressure after the release of US personal consumer expenditure (PCE) index data that exceeded analysts' expectations.
This week, FOMC minutes, jobless claims, and PCE inflation data will guide Bitcoin traders. Insights on rates, labor, and inflation are pivotal.
The post 3 US Economic Events Driving Crypto Market Sentiment This Week appeared first on BeInCrypto.
PCE, an alternative measure of inflation, is starting to ease up, setting the stage for easier money policies from the Fed. If so, that’s good news for risk assets like bitcoin and ether, says Scott Garliss.
Pennsylvania State University and Truflation have teamed up to develop new inflation indexes that aim to provide a more accurate measure of housing inflation.
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoins largest wallets have recorded significant net inflows following a market crash, with major investors accumulating $436 million worth of Bitcoin.
Nayib Bukele begins his second term as President of El Salvador, continuing his pioneering efforts in cryptocurrency adoption with ambitious plans for Bitcoin integration.
Powells optimism on the economy, reflecting on core PCE and inflation rates meeting forecasts, amidst growing Bitcoin interest as a fiscal hedge.
The post Fed Chair Jerome Powell Sees No Chance of a Recession While Bitcoin Gains as a Hedge appeared...
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