Bitcoin and altcoin are about to recover from the sharp decline. BTC is still trading for under $90,000, with only a few months left in the first quarter.
There was curiosity about whether BTC would explode, but the Fed decided on interest rates and data on personal consumption expenditures (PCE), which is considered a key inflation indicator, was released.
Therefore, the personal consumption expenditure data for January was as follows:
Core Personal Consumption Expense Price Index (YOY) announced 2.8% – forecast 2.7% – previous 2.6%
Core Personal Consumption Expense Price Index (Monthly) 0.4% – Forecast 0.3% – Previous 0.3%
Personal Consumption Expense Price Index (Annual) is 2.5% – Expected 2.5% – Previous 2.5% has been announced
Personal Consumption Expense Price Index (Monthly) 0.3% – Forecast 0.3% – Previous 0.3%
What was the initial reaction to Bitcoin (BTC)?
*This is not investment advice.
