Bitcoin and Altcoin Decline

The decline in Bitcoin and altcoins continues to deepen. At this point, Bitcoin, which has fallen by 8% in the last 24 hours, has dropped below $80,000, while the decline in altcoins has also reached double digits.

While wondering whether the decline in BTC will continue, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions, was announced.

January Personal Consumption Expenditures Data:

• Core Personal Consumption Expenditure Price Index (YoY)
  Announced: 2.6%
  Expected: 2.6%
  Previous: 2.8%

• Core Personal Consumption Expenditure Price Index (Monthly)
  Announced: 0.3%
  Expected: 0.3%
  Previous: 0.2%

• Personal Consumption Expenditure Price Index (Annual)
  Announced: 2.5%
  Expected: 2.5%
  Previous: 2.6%

• Personal Consumption Expenditure Price Index (Monthly)
  Announced: 0.3%
  Expected: 0.3%
  Previous: 0.3%

Bitcoin’s First Reaction

This is not investment advice.