{"id":145244,"date":"2024-12-20T17:54:03","date_gmt":"2024-12-20T15:54:03","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=145244"},"modified":"2024-12-20T17:54:23","modified_gmt":"2024-12-20T15:54:23","slug":"u-s-inflation-data-released-as-bitcoin-begins-to-recover","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-inflation-data-released-as-bitcoin-begins-to-recover\/","title":{"rendered":"Bitcoin Begins to Recover After Lates U.S. Inflation Report"},"content":{"rendered":"<p>As a result, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>dropped below $93,000, before the release of the latest Personal Consumption Expenditures (PCE) data, a key inflation indicator closely watched by the Federal Reserve when making interest rate decisions.<\/p>\n<p>For November, the Core Personal Consumption Expenditure Price Index (YoY) came in at 2.8%, matching the previous month\u2019s figure and falling slightly below the expected 2.9%.<\/p>\n<p>On a monthly basis, the Core PCE Price Index rose by just 0.1%, under the expected 0.2% and lower than the previous 0.3%.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/cardanos-20-price-drop-could-be-a-good-opportunity-for-investors\/\" title=\"Cardano&#8217;s 20% Price Drop Could be a Good Opportunity for Investors\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_cardano-big-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Cardano&#8217;s 20% Price Drop Could be a Good Opportunity for Investors<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>The overall PCE Price Index, which reflects the general cost of goods and services, increased by 2.4% year-over-year, slightly below the expected 2.5%, up from 2.3% in the prior month.<\/p>\n<p>On a monthly basis, the PCE index showed a 0.1% rise, which met expectations but was a decline from the previous month\u2019s 0.2% increase.<\/p>\n<p>After the inflation data was released, Bitcoin regained some bullish momentum, surging above $97,000, highlighting crypto investors&#8217; long-term optimism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and other cryptocurrencies experienced significant declines after Federal Reserve Chairman Jerome Powell made hawkish remarks, signaling a continued tight monetary policy.<\/p>\n","protected":false},"author":9,"featured_media":80155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[60,27],"tags":[],"class_list":["post-145244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Begins to Recover After Lates U.S. Inflation Report<\/title>\n<meta name=\"description\" content=\"Bitcoin and other cryptocurrencies experienced significant declines after Federal Reserve Chairman Jerome Powell made hawkish remarks...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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