🚨 #PCEMarketWatch | Are PCE data paving the way for a crypto rise?
Today, the PCE index (Personal Consumption Expenditures) – the Fed's preferred measure of inflation – was released, and the results came in below expectations, giving the markets a boost of optimism.
🔍 What does this mean for crypto traders?
Lower inflation = Less pressure on the Fed = Potential rate cuts
Rate cuts = More liquidity = Support for high-risk asset markets, including crypto
📈 Market reaction immediately after the data:
Rise in Bitcoin and Ethereum
Improvement in risk appetite
Some altcoins started moving early
⚠️ But be careful: the market is still sensitive, and the real wave depends on confirming this trend in upcoming data and the Fed's speech.
💡 Opportunity or trap? Watch strong resistance levels, and try to build on support areas if the positive momentum continues.
The chart below shows how PCE data affected the prices of some major cryptocurrencies:
Bitcoin rose from $67,800 to $69,500
Ethereum climbed from $3,100 to $3,220
Solana moved from $160 to $170
Avalanche from $35 to $37
The data indicates the beginning of a recovery wave driven by expectations of rate cuts. Would you like another chart showing percentage changes (%) or focusing on a specific coin?
