Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected


Bitcoin holds steady as PCE data comes in hotter than expected. While 30% chance of a 50 bps rate hike from the fed.

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

BTCUSD: (Source: TradingView)

Go to Source
Author: James Van Straten

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.