Bitcoin Recover Over Steady US PCE Inflation
The post Bitcoin Recover Over Steady US PCE Inflation appeared first on Coinpedia Fintech News
The US PCE inflation increased 0.3% in April, in line with market expectations. On a year-over-year basis, the PCE inflation jumped 2.7%. The Bitcoin price however noted a slight recovery, despite the latest inflation data. Following the PCE inflation release, Bitcoin price soared 0.95% to $68,773.23. Notably, The inflation remaining above the Federal Reserve’s 2% target range has dulled the investors’ sentiment so far.