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

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 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.