BREAKING: The PCE Data Used by the FED to Measure Inflation Has Been Announced! Here is Bitcoin's (BTC) First Reaction!

Bitcoin and altcoins are trying to recover from the sharp declines. $BTC is still trading below $90,000 with only a few months left in the first quarter.

While there was curiosity about whether $BTC would explode, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, was announced.

Accordingly, personal consumption expenditures data for January were as follows:

Core Personal Consumption Expenditure Price Index (YoY) Announced 2.8%– Expected 2.7% – Previous 2.6%

Core Personal Consumption Expenditure Price Index (Monthly) Announced 0.4%– Expected 0.3%– Previous 0.3%

Personal Consumption Expenditure Price Index (Annual) Announced 2.5%– Expected 2.5%– Previous 2.5%

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

What Was Bitcoin ($BTC)'s First Reaction?

*This is not investment advice.