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US Core PCE Due Today: Can Bitcoin Hold Its $59K Line?
  • BTC0%

CoinEx News: The U.S. May PCE inflation report is due on June 25 at 8:30 a.m. EDT (12:30 UTC). PCE is the inflation gauge the Federal Reserve watches most closely. Headline inflation is seen around 4% year over year and core PCE — which strips out food and energy — near 3.3%-3.4%, still well above the Fed's 2% target.

Bitcoin has repeatedly bounced near $59,000 this month, making that — not the round $60,000 — the level to watch tonight, with the key question whether a hot PCE lifts the dollar and rate-hike bets enough to break that support.

Source: CoinEx

Disclaimer: The current content is provided for reference only and does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

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