Bitcoin (BTC) renewed its ATH last week, rising above $111,000. However, after obtaining profits it fell to $105,000.
The BTC experienced a sudden decline after US President Donald Trump said China had completely violated the agreement between the two countries.
While Altcoins are accompanied by this decline, data on personal consumption expenditures (PCE) have been released, which will closely follow when the Fed makes interest rate decisions.
Therefore, personal consumption expenditure data for April was as follows:
Core Personal Consumption Expense Price Index (YOY) announced 2.5% – forecast 2.5% – previous 2.6%
Core Personal Consumption Expense Price Index (Monthly) 0.1% – Forecast 0.1% – Previous 0.0%
Personal Consumption Expense Price Index (Annual) is 2.1% – 2.2% – Previous 2.3%
Personal Consumption Expense Price Index (Monthly) 0.1% – Forecast 0.1% – Previous 0.0%
What was the initial reaction to Bitcoin (BTC)?
*This is not investment advice.
