United

Donald Trump

TRUMP

Joe Biden

<p>Inflation slowed in May in the United States. This development has sparked significant interest among cryptocurrency investors, who are wondering how bitcoin and altcoins will react to this decrease. Analysts offer different interpretations and perspectives following this economic change.</p>
<h2 id="h-the-pce-inflation-index-falls-to-2-6-in-the-united-states">The PCE inflation index falls to 2.6% in the United States</h2>
<p>Recent economic data shows a decline in <a href="https://www.cointribune.com/inflation-labandon-de-lobjectif-a-2/" target="_blank" rel="noopener noreferrer nofollow">inflation in the United States</a>, measured by the Personal Consumption Expenditures (PCE) price index. The Bureau of Economic Analysis <a href="https://coingape.com/fed-inflation-us-pce-cools-to-2-6-bitcoin-altcoins-to-rally/" target="_blank" rel="noopener noreferrer nofollow">reported</a> that PCE inflation fell from 2.7% to 2.6%, in line with market expectations. Additionally, core inflation, which excludes volatile items such as food and energy, also decreased, falling from 2.8% to 2.6%. This decline represents the slowest rate of price growth since March 2021, signaling a cooling of inflationary pressures.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This moderation in inflation could have major implications for upcoming monetary policies. Indeed, the likelihood of an interest rate cut by the Federal Reserve in September has increased, as indicated by the CME FedWatch Tool. Investors and economists are closely monitoring these developments, as a rate cut could stimulate financial markets and offer welcome relief after a period of rising costs.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="de" dir="ltr">Die Inflationszahlen aus den USA <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> erfüllen die Prognosen <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Damit ist die Inflation wieder rückläufig, was positiv auf kommende Zinsentscheidungen seitens der FED wirken sollte <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4af.png" alt="💯" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> reagiert erwartungsgemäß erstmal aus dem bärischen Wendebereich in Orange, hält sich… <a href="https://t.co/APlSx7EzjF" rel="noopener noreferrer nofollow">pic.twitter.com/APlSx7EzjF</a></p>— Crypto Wall Street (@CryptoWallSt_) <a href="https://twitter.com/CryptoWallSt_/status/1806672036766372274?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 28, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<h2 id="h-analysts-predictions-for-bitcoin-and-altcoins">Analysts’ Predictions for Bitcoin and Altcoins</h2>
<p>Michael van de Poppe, a well-known analyst in the crypto industry, predicts that bitcoin will continue to consolidate in the coming days. While he anticipates potentially higher returns for altcoins, he has yet to observe signs announcing an altcoin season. Trader and analyst Rekt Capital, followed by more than 471,000 people on Twitter, highlights that bitcoin is situated just below the top of the bull flag, suggesting continued consolidation before a possible breakthrough.</p>
<p>Bitfinex analysts, on the other hand, point out persistent uncertainty and increased volatility in the cryptocurrency market. They note that the presidential debate between Donald Trump and Joe Biden has intensified market movements as investors digest the political implications.</p>
<p>According to analysts, Donald Trump’s stance, who has recently embraced the cryptocurrency industry, has favored the rise of memecoins like TRUMP and MAGA, with respective increases of 11% and 16%. These dynamics indicate that despite increased volatility, there is significant resilience and adaptability within the crypto market.</p>
<p>The recent inflation data brings a breath of optimism to the crypto market. With a possible interest rate cut by the <a href="https://www.cointribune.com/en/the-fed-is-about-to-decide-on-rates-the-crypto-market-is-sweating/" target="_blank" rel="noopener noreferrer nofollow">Fed</a>, bitcoin and altcoins could experience a rebound after a period of consolidation, marking a new chapter in the current economic dynamic.</p>

Decrease in Inflation in The United States: Here Are The Potential Consequences For Bitcoin!

Table of Contents

Cointribune EN

Other articles published on Jun 29, 2024

Solana ETF Could Skyrocket Market Value Amid Changing Regulatory Landscape

MoonBag Memecoin Scales Fun With Stability and Riches, Leaving Dogecoin and Bonk in the Galactic ...

Major Crypto Whale Swaps $18M from PEPE to Ethereum

Economic uncertainty weighs heavily on U.S. voters

TrueUSD Ensures Stability in Crypto

Top Influencer’s Bold Bitcoin Strategy Revealed: $10M Move if Prices Drop Below $50K!

Join our free newsletter for daily crypto updates!