Bitcoin risks 'exit pump' on 3-month DXY highs as BTC price hits $68K – Cointelegraph
Bitcoin (BTC) orbited $68,000 on October 16, after hitting an 11-week high on Wall Street's open market. BTC/USD 1 hour chart. Source: TradingView BTC price hovers near 11-week high Cointelegraph Markets Pro and TradingView It signaled a resumption of the BTC price rally as the bulls moved above the previous day’s leverage-driven “fakeout” peak. The […]
US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire
PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]