$BTC As of February 1, 2025, Bitcoin is trading at approximately $102,286, reflecting a slight decrease from the previous close.
Analysts predict that Bitcoin's price could reach between $128,980 and $135,912 by mid-February 2025, representing potential increases of 26% to 33%. Factors influencing this outlook include increased institutional adoption, favorable regulatory developments, and technological advancements. However, market volatility remains a significant consideration, and actual prices may vary.
#PCEInflationWatch In December 2024, the U.S. Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, increased by 0.3%, up from 0.1% in November. This brought the annual PCE inflation rate to 2.6%, exceeding the Fed's 2% target. Core PCE, which excludes food and energy prices, rose by 0.2% in December, maintaining a 2.8% annual rate for the third consecutive month. These figures suggest persistent inflationary pressures, leading analysts to anticipate that the Federal Reserve may delay interest rate cuts in the near term.