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via CryptoSlate · By CryptoSlate Editorial

New US inflation report leaves Bitcoin with a problem the Fed cannot solve yet

BTC

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-2.51%

$62,418.01

-2.51%

(24s)

24h Volume

$18,987,134,842.94

24h H/L

$64,445.19 / $62,272.07

Change: $2,173.12 (3.49%)

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Long: 66.3%Short: 33.7%

Funding Rate

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Shorts pay

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Bitcoin

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Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,767.31

Resistance 1$62,935.35

Price$62,455.20

Support 1$61,834.17

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Support 3$52,679.32

Pivot (PP):$62,627.31

Trend:Downtrend

RSI (14):33.8

CryptoSlate Editorial

(01:30 PM UTC)

1 min read

Reviewed byDavid Kim

1308 views

0 comments

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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CryptoSlate Editorial · CryptoSlate

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