#USA April core PCE index shows slowing inflation

This may have multiple impacts on the cryptocurrency market. As an important inflation indicator of the Federal Reserve, the decline of core PCE often means that the Federal Reserve may slow down the pace of interest rate hikes. This is good news for the digital currency market.

First, major digital currencies such as $BTC and $ETH may have a rebound opportunity. As inflation slows, investors' risk appetite increases, and more funds may flow into high-risk assets, including digital currencies. In addition, stablecoins such as USDT and USDC may also benefit. They provide investors with hedging tools during market fluctuations to ensure the stability of funds.

It is worth noting that some DeFi project tokens such as $AAVE and COMP may also gain more attention. These platforms have attracted a large number of users and investors through decentralized financial services, and slowing inflation may further promote their application and value growth.

However, some high-risk, high-volatility altcoins such as $DOGE and $SHIB may continue to face selling pressure. Investors need to be cautious when choosing investment targets to avoid being swayed by short-term market sentiment.