Coin-Turk 22 minutes ago
22
The cryptocurrency market experiences volatility ahead of the U.S. Personal Consumption Expenditures (PCE) inflation data. Bitcoin (BTC ($104,639.05)) 
$104,349 fluctuates between $103,962 and $106,000, while major altcoins exhibit mixed signals. Experts suggest that the upcoming data, set to be released on Friday, could influence the Federal Reserve’s interest rate policies.
PCE Data May Shape Interest Rate Decisions
The December PCE inflation data, to be announced on January 31, could clarify the Fed’s strategy on interest rate cuts. Analysts emphasize that a slowdown in inflation could increase the likelihood of rate reductions. Speculations are growing that the Fed may lower rates three times in 2024.
The cryptocurrency marke…
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet
