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Viewpoint: Next week's macro data such as PCE may affect The Federal Reserve (FED) interest rate cut decision, potentially driving BTC rise.
Odaily News The digital asset investment platform Nexo analyst Iliya Kalchev stated that the consumer confidence index, fourth-quarter GDP, initial jobless claims, and the critically important personal consumption expenditures (PCE) inflation data next week are very significant. These data may influence The Federal Reserve (FED) interest rate cut decisions. The market is now likely more confident about the upcoming economic data, and the cooling of inflation along with stable economic conditions may further boost investor interest, thereby driving the further rise of Bitcoin and digital assets. (Cointelegraph)