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Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over

CryptoSlate·
Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over
AI Analysis

Bitcoin has managed to avoid a potential inflation shock as recent PCE data aligns with expectations, reducing macroeconomic risks. However, it still needs to demonstrate sustained demand to maintain its rally after dropping from $75,000.

Key Topics

BitcoinBEAPCE

Originally reported by CryptoSlate. Read the full article ↗

Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over | AI Crypto Daily Wire