Bitcoin grinds lower as PCE inflation data rises

Personal Consumption expenditure (PCE) came in high for the previous month, but in line with expectations. Stock market futures are down on the news and Bitcoin has not avoided the trend, down 1.5% on the day. Is the $BTC price going to continue to grind lower? It seems that whenever the $BTC price rises and gets to a pivotal point, the next piece of failing economic data gets released, or oil, bond yields, or the dollar rise, and the $BTC price is knocked back down again. The latest PCE data came in high on Thursday, although it was nothing more than the market was expecting. The S&P 500 is down a little over 0.5% on the day so far, with AI stocks getting hit once again.

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