Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
BTC / USD 1-घंटे का कैंडल चार्ट (Bitstamp)। स्रोत: TradingViewBitcoin bounces but preserves intraday trend से डेटा कॉइनक्लेग मार्किट्स प्रो और TradingView tracked a 3.55% rise for BTC/USD on the day, allowing the pair to match highs from earlier in the week. The move marked a surprise about-turn for Bitcoin, which hours before had seen selling pressure as markets awaited cues from Fed Chair Jerome Powells Jackson Hole symposium speech. With that speech still to come at the time of writing, abullish catalyst came in the form of the latest Personal Consumption Expenditures Price Index (PCE) readout, which was lower than expected. Analysts reacted positively, as the numbers added weight to the idea that U.S. inflation had already peaked — a narrative already supported by the Consumer Price Index (CPI). यहाँ है कैसे #crypto market reacted to better than expected PCE report. # बीटीसी liquidity is on the move. A rip through the range before #JPow speech at 10am ET is not out of the question. After all it is #फेड #FuckeryFriday #एनएफए pic.twitter.com/32jU1WNPGm - सामग्री संकेतक (@MI_Algos) अगस्त 26, 2022 Caleb Franzen, senior market analyst at Cubic Analytics, nonetheless noted that the hourly structure on BTC/USD remained in place despite the uptick. Bitcoin traded in a