Bitcoin Joins Risk Asset Relief as PCE Inflation Tracks Expectations
Bitcoin (BTC) overcame volatility on Thursday as US stocks rebounded on relief from inflation data. Key points: Bitcoin avoids an instant reaction to US personal consumption expenditure (PCE) inflation data, reversing a local uptrend. The analysis remains cautious with regard to inflationary trends despite a PCE in line with expectations. Bitwise predicts that in the … Read more