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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surpasses-67000-as-mtgox-holdings-dwindle/" data-wpel-link="internal">Bitcoin Price Surpasses $67,000 as MTGOX Holdings Dwindle</a> 
<a href="https://en.coin-turk.com/bitcoin-etfs-ignite-fomo-and-set-the-stage-for-record-highs/" data-wpel-link="internal">Bitcoin</a> price today recovered above $67,000, with MTGOX holding only $5 billion in assets. After billions in returns, the leading cryptocurrency continues to focus on the $70,000 target but needs more closures at higher levels. Now, the PCE data has been released. 
<h2 style="text-align: justify" id="latest-cryptocurrency-news">Latest Cryptocurrency News</h2> 
On the last day of July, the Fed will announce its <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">interest rate</a> decision. This meeting is expected to show a clearer stance on the anticipated rate cut in September, with rates remaining unchanged. The personal consumption expenditures (PCE) data, a key indicator for the current state of the US economy, was one of the most important events of the week and has now been released. 
The PCE, an inflation indicator monitored by the Fed, is released following the recent recovery in US stock markets. The importance of the PCE data increased after yesterday’s high GDP data. 
<ul> 
 <li style="text-align: justify">PCE (Annual) Announced: 2.5% (Expectation: 2.4% Previous: 2.6%)</li> 
 <li style="text-align: justify">Core PCE (Annual) Announced: 2.6% (Expectation: 2.5% Previous: 2.6%)</li> 
</ul> 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-374148 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/07/ABD-PCE-2.png" alt="" width="825" height="550"> 
The PCE data came in above expectations, indicating that the Fed might make cautious statements next week. The <a href="https://newslinker.co/can-artificial-intelligence-achieve-consciousness/" target="_blank" rel="noopener" data-wpel-link="exclude">latest data</a> for cryptocurrencies could result in short-term negativity. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surpasses-67000-as-mtgox-holdings-dwindle/" data-wpel-link="internal">Bitcoin Price Surpasses $67,000 as MTGOX Holdings Dwindle</a></h5>
The post <a href="https://en.coin-turk.com/bitcoin-price-surpasses-67000-as-mtgox-holdings-dwindle/" data-wpel-link="internal">Bitcoin Price Surpasses $67,000 as MTGOX Holdings Dwindle</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Price Surpasses $67,000 as MTGOX Holdings Dwindle

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Інші статті, опубліковані 26 лип. 2024 р.

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