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The core PCE price index annual data for April released tonight in the United States is quite noteworthy, with the final value settling at 2.5%. This not only aligns perfectly with market expectations but also marks the lowest level since March 2021.
This data intuitively reflects a decline in the current heat of the U.S. consumer market, with inflationary pressures continuing to ease, undoubtedly releasing a positive signal.
From the perspective of the cryptocurrency market, this data performance may help alleviate market concerns about the significant decline in BTC prices over the weekend to some extent, serving to stabilize market confidence in the short term.
However, financial markets often face a general issue of insufficient liquidity during the weekend, and coupled with the current overall macroeconomic environment not fully stabilizing and warming up, it is expected that even with this favorable data support, BTC is unlikely to see a significant rise, and is more likely to maintain a volatile trend. Market participants still need to exercise caution and closely monitor subsequent changes.
