Bitcoin’s Next Move Hinges On PCE Data, Nvidia Earnings, And Jackson Hole Speech
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Cryptocurrencies operated at a low of 0.78%
Bitcoin Slides Under $78K as US PCE Inflation Lifts Risk-Off Trade
Bitcoin slipped below $78,000 shortly after the Wall Street open as US inflation data landed higher than expected, pushing risk assets lower and weighing on crypto sentiment. The move followed a stronger-than-forecast July Personal Consumption Expenditures (PCE) print—an inflation measure the Federal Reserve closely tracks—setting up a busy stretch for traders with additional catalysts later in the week. With markets now parsing what the latest …
Bitcoin’s Next Move Hinges On PCE Data, Nvidia Earnings, And Jackson Hole Speech
BitcoinWorld Bitcoin’s Next Move Hinges on PCE Data, Nvidia Earnings, and Jackson Hole Speech Bitcoin’s recent climb above $80,000 has paused, and traders are now looking to three key macroeconomic events that could set the tone for the next leg of the market. The release of the U.S. Personal Consumption Expenditures (PCE) price index, Nvidia’s quarterly earnings, and a speech by Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposiu…
A critical day for Bitcoin 🔥 Today's PCE data, to be released at 15:30 Turkish time, will be the most important headline for the crypto market. 📉 While annual PCE inflation is expected to fall from 3.7% to 3.6%, the decline in core indicators is expected to remain limited. ⚡ Above expectations...
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