The major cryptocurrencies Bitcoin (BTC), Ethereum (ETH) and Altcoins had a very bad week. The market, which experienced a major crash at the beginning of the week, also fell sharply last night.
These declines are expected to be the last before October, historically known as the month of rising, but data on personal consumption expenditures (PCE) have been released, which continues intimately when the Fed has made an interest rate decision and is considered a key inflation indicator.
Therefore, the personal consumption expenditure data for August was as follows:
Core's Personal Consumption Expense Price Index (Annual) is 2.9% – Forecast 2.9% – Previous 2.9%
Core Personal Consumption Expense Price Index (Monthly) 0.2% – Forecast 0.2% – Previous 0.3%
Personal Consumption Expense Price Index (Annual) is 2.7% – Forecast 2.7% – Previous 2.6%
Personal Consumption Expense Price Index (Monthly) 0.3% – Expected 0.3% – Previous 0.2%
Bitcoin (What was the first reaction to BTC?
*This is not investment advice.
