Core Personal Consumer Expenses released by the USA ( PCE) data, Bitcoin ( BTC) kept the dish on his rise.
Major cryptocurrency bitcoincontinues its upward trend. 21 OctoberThe upward movement that started after the date of twitter fueled after the news. Base investors claim that the crypto bear market is over and the bull is back on the ground. However, in the last two days, especially with the effect of the resistance levels working. BTC His ascent had slowed down. The major coin, which tested the 20 thousand band today, has moved again after the data from the USA.
US Data Affects Bitcoin Price
The events in the global economy and the data from the USA continue to affect cryptocurrencies. In particular, Bitcoin, the leader of the crypto market, acts in the light of data.
The anti-inflation movement of the US side has become one of the architects of the crypto bear market. However, the ensuing recovery process may indicate that bottom areas are coming for BTC.
In the light of all this process, PCE data was announced by the USA today. PCE data came in at 0.5 percent, which is on par with expectations. BTC, which had regressed to the 20 thousand band before the announcement of the data, experienced a rapid rise immediately after the announcement.
