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Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs

Published Source: DecryptRead original

Crypto Insight Summary: The Fed's favorite inflation gauge came in cooler than expected, rate-hike odds fell and Bitcoin traders took the hint. Crypto Insight Analysis: Direction: Bullish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Cooler PCE data reduces rate hike pressure, boosting BTC sentiment.

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Bitcoin Jumps on Cool PCE Inflation Data as Bond Yields Hit 20-Year Highs — Crypto Insight