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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
$79,742.00
+0.05%
$79,742.00
+0.05%
(24s)24h Volume
$6,287,446,532.60
24h H/L
$80,200.00 / $79,442.00
Change: $758.00 (0.95%)
Long/Short
52.7%
Long: 52.7%Short: 47.3%
Funding Rate
+0.0008%
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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