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via CryptoSlate · By CryptoSlate Editorial
New US inflation report leaves Bitcoin with a problem the Fed cannot solve yet
BTC
BTC/USDT
$63,058.49
+0.00%
$63,058.49
+0.00%
(24s)24h Volume
$2,454,427,771.73
24h H/L
$63,175.00 / $62,920.00
Change: $255.00 (0.41%)
Long/Short
68.0%
Long: 68.0%Short: 32.0%
Funding Rate
+0.0026%
Longs pay
Data provided by COINOTAG DATALive data
CE
CryptoSlate Editorial(01:30 PM UTC)
1 min read
Headline PCE inflation has been confirmed to have risen 3.8% in April year-on-year, its hottest pace in two years and nearly double the Federal Reserve's 2% goal, while core PCE held at 3.3%, its highest reading since October 2023.
The monthly numbers ran cooler, with core easing to 0.2% against the 0.3% economists had expected.
Bitcoin saw that combination of numbers as a problem, sliding toward…
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