Bitcoin falls by 3 %, while PCE increases by 0.6 % in January

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Von Krypto News Österreich

Bitcoin (BTC) sank am Freitag auf 23.000 $ zurück, kurz nachdem der Preisindex für persönliche Verbrauchsausgaben (PCE) im Januar einen jährlichen Anstieg von 5,4 % und einen monatlichen Anstieg von 0,6 % verzeichnete. Die höher als erwartete Zahl bedeutet, dass der Kampf der Federal Reserve gegen die steigende Inflation wahrscheinlich weitergehen wird. Bitcoin startete am Freitag bei rund 24.000 $ und blieb bis etwa 13:30 Uhr UST über 23.800 $ – als die PCE-Zahl für Januar veröffentlicht wurde. Danach stürzte der Vermögenswert ab und fiel innerhalb von nur 30 Minuten auf bis zu 23.000 $. Es wird zum Zeitpunkt des …
Bitcoin (BTC) decreased to $ 23,000 on Friday, shortly after the price index for personal consumption expenditure (PCE) in January recorded an annual increase of 5.4 % and a monthly increase of 0.6 %. The higher than expected number means that the Federal Reserve's struggle will probably continue against increasing inflation. Bitcoin started at around $ 24,000 on Friday and stayed over $ 11,800 until around 1:30 p.m.-when the PCE number was released for January. Then the asset crashed and fell up to $ 23,000 within just 30 minutes. It will be at the time of ... (Symbolbild/KNAT)

Bitcoin (BTC) decreased to $ 23,000 on Friday, shortly after the price index for personal consumption expenditure (PCE) in January recorded an annual increase of 5.4 % and a monthly increase of 0.6 %.

The higher number than expected number means that the struggle of the Federal Reserve will probably continue against increasing inflation.

  • Bitcoin started at around $ 24,000 on Friday and stayed over $ 11,800 until around 1:30 p.m.-when the PCE number was released for January.
  • Then the asset crashed and fell up to $ 23,000 within just 30 minutes. It is traded for $ 23,217 at the time of writing.
  • The decline of Bitcoin is coupled with a decline of 3.3 % for Ethereum (Ethereum), a decrease of 4.6 % for cardano (ADA) and a decrease of 7.1 % for polkadot (dot). Meanwhile, NASDAQ and S&P500 have broken up by 1.81 % or 1.25 %.
  • The withdrawal of the cryptom market has led to liquidations of over $ 110 million in the last 4 hours mint . This includes $ 44 million of BTC liquidations and $ 22 million of ETH liquidations.
  • The greatest individual liquidation took place at BITMEX for an XBUSD trade for $ 7.52 million.
  • The PCE is the preferred inflation measure of the Fed and not the consumer price index (VPI). The former differs in the fact that it tracks how consumers change their purchase habits over time, and is regarded by the central bank as the best indicator of where inflation develops in the future.
  • The Fed has increased interest rates since the beginning of 2022 in response to some of the highest number of inflation for 40 years. The chairman Jerome Powell showed progress called at the beginning of this month that there will probably be further interest rate increases.

Bitcoin / USD. TradingView.