PCE Inflation
Personal Consumption Expenditures (PCE) inflation measures the average change over time in prices for a basket of consumer goods and services. It is a key indicator of economic health and influences monetary policy.
Bitcoin Tumbles to $58K Amidst Soaring US Inflation and Market Manipulation Concerns
Bitcoin experienced a sharp decline to $58,000, its lowest in 21 months, driven by high US PCE inflation and significant market liquidations. Traders point to potential manipulation amidst the volatility.
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