Bitcoin (BTC) and altcoins have been experiencing a recovery in recent days after a bad first quarter. While BTC has climbed above $95,000, altcoins are also seeing significant gains.
While there is curiosity about whether BTC will explode to $100,000 and above, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, has been announced.
Accordingly, personal consumption expenditures data for March 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 0.0%– Expected 0.1%– Previous 0.4%
Personal Consumption Expenditure Price Index (Annual) Announced 2.3%– Expected 2.2%– Previous 2.5%
Personal Consumption Expenditure Price Index (Monthly) Announced 0.0% – Expected 0.0% – Previous 0.3%
What Was Bitcoin (BTC)'s First Reaction?
*This is not investment advice.
