#PCEMarketWatch
BTC
67,184.64
+0.40%
ETH
2,035.14
+1.16%
Bitcoin just hit its highest level in the last five weeks, briefly touching $74,000 after the latest U.S. PCE inflation data came in exactly as expected.
January PCE increased 0.3% month-over-month and 3.1% year-over-year, matching market forecasts and giving the crypto market a bit of bullish momentum.
Traders are still watching inflation closely, but for now the data is helping support Bitcoin’s upward move. 📈