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BTC price shirks US PCE inflation win as Bitcoin $42K buyers step in
Bitcoin failed to react to positive inflation cues on Dec. 22 as United States macro data boosted bets on an interest rate pivot. Data from Cointelegraph Markets Pro and TradingView tracked muted BTC price movements around the week’s final Wall Street open. Despite a breakout beyond $44,000 earlier in the week, range resistance remained firmly in place for Bitcoin ahead of the U.S. holiday period. The November print of the Personal Consumption Expenditures (PCE) Index, known to be the Federal Reserve’s “preferred” inflation gauge, nonetheless beat expectations. The final number came in at 2.6% versus the ... (full story)