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The 25 foundation level fee hike by the Federal Reserve on July 26 and the following commentary by Fed Chair Jerome Powell did not catapult (BTC) out of its vary. This implies that the occasion didn’t have any surprises and the end result was already priced in by the markets.
The crypto markets continued their lackluster efficiency on July 28 after america Private Consumption Expenditures (PCE) Index print got here in decrease than analysts’ expectations. The PCE is the Fed’s most popular inflation metric; therefore, it’s watched intently by market observers.
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