Here’s why US PCE could make or break Bitcoin price rally to $30,000
US core Personal Consumption Expenditure (PCE) is a measure that captures inflation across a wide range of consumer expenses. The core PCE is considered a reliable indicator of inflation and the measure influences market participants’ sentiment towards risk assets like Bitcoin and cryptocurrencies.
Polygon price stuck in pennant as MATIC heads for an upside breakout to $0.96
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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto liquidations hit $311 million, what’s next?
BTC price has suffered a fatal setback after the recent lawsuit that the SEC filed against Binance and its founder, Changpeng “CZ” Zhao. The suit caused the markets to cascade, triggering a massive sell-off and causing roughly $311 million in liquidations across the entire crypto landscape.
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Apple recently hosted the WWDC, where it was expected to kickstart the Metaverse hype again. However, with the anticipation going through the roof, the opposite happened when the company with the biggest market cap failed to talk about the virtual world.
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Bitcoin (BTC) price shows a clear sign of the bulls’ victory. After failing to trigger a steep correction, bears look now out of context, at least in the short term, allowing buyers to restart a minor uptrend.