Let's talk about how the US economy affects the cryptocurrency market today!

The US economy did not grow as fast as expected in the first quarter, causing the price of Bitcoin to fall. Generally speaking, a slowdown in economic growth is better for the risk market, but now this situation makes the Federal Reserve feel embarrassed. The economy is not strong enough, and the inflation problem still exists!

The cryptocurrency market also fell yesterday. But after the stock market closed, companies such as Intel, Microsoft and Alphabet released good earnings reports, which are expected to make the stock market more positive when it opens today. There is also a crucial PCE data that has not been released.

The Fed uses this data to judge the inflation situation.

If this data is higher than everyone expected, then the situation may become more complicated.

If it is lower than expected, it will be good for the risk market, and it may also allow the Federal Reserve to reduce inflation while not damaging the economy so much.

The US economic data and the trend of the cryptocurrency market affect each other.

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