Quick Take
- Feb. 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending.
- PCE data came in hotter than expected.
Headline y/y 5.4% vs. 5%
Core y/y 4.7% vs. 4.3%
Headline m/m 0.6% vs. 0.5%
Core m/m 0.6% vs. 0.4%
Consumer spending 1.8% vs. 1.4%
Personal income 0.6% vs. 1%
- Bitcoin went down to $23.7K on initial news — while the DXY broke 105
The post Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoin-holds-just-under-24k-dxy-breaks-105-for-the-second-time-this-year-as-pce-comes-in-hotter-than-expected/