Bitcoin, Ethereum and XRP slide following a jump in core PCE inflation

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Mon, March 31, 2025

[ Mon, Mar 31st ]: WOPRAI

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70 Earnings Releases for Mar 31st, 2025

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[ Sun, Mar 30th ]: Mint

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Fri, March 28, 2025

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[ Fri, Mar 28th ]: MarketWatch

Tech stocks are struggling. But there are big dif .. and the 2000 internet bubble, Goldman Sachs says.

[ Fri, Mar 28th ]: FXStreet

Bitcoin, Ethereum and XRP slide following a jump in core PCE inflation

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[ Fri, Mar 28th ]: WOPRAI

Short squeeze is starting in shares of RDDT at $1 .. , after crossing above the $111.147 Trigger Price

[ Fri, Mar 28th ]: MarketWatch

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[ Fri, Mar 28th ]: MSN

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[ Fri, Mar 28th ]: WOPRAI

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[ Fri, Mar 28th ]: WOPRAI

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[ Fri, Mar 28th ]: Reuters

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[ Fri, Mar 28th ]: WOPRAI

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[ Fri, Mar 28th ]: WOPRAI

As of Mar 28th, 2025, there has been substantial selling of in recent trading

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Short squeeze is starting in shares of VZ at $45. .. 3, after crossing above the $44.595 Trigger Price

[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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[ Thu, Mar 27th ]: WOPRAI

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I'm 32 and want to invest in stocks but don't kno .. I make the most of my money for long-term growth?

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[ Thu, Mar 27th ]: WOPRAI

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Bitcoin, Ethereum and XRP slide following a jump in core PCE inflation

//stocks-investing.news-articles.net/content/202 .. lide-following-a-jump-in-core-pce-inflation.html

Published in Stocks and Investing on Friday, March 28th 2025 at 18:41 GMT by FXStreet
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The crypto market witnessed a correction on Friday as macroeconomic data stirred panic among investors. The United States (US) core PCE Price Index, which excludes volatile food and energy prices, rose 2.8% YoY in February, above market expectations of 2.7%.

- Click to Lock Slider

The article from FXStreet discusses the recent performance of major cryptocurrencies like Bitcoin, Ethereum, and XRP, which experienced a decline following a higher-than-expected increase in the US Core Personal Consumption Expenditures (PCE) Price Index. The Core PCE, which is the Federal Reserve's preferred measure of inflation, rose by 0.4% month-over-month and 2.8% year-over-year in February, surpassing market expectations. This uptick in inflation data led to a sell-off in cryptocurrencies, with Bitcoin dropping to around $69,000, Ethereum falling below $3,500, and XRP also seeing a decrease. The article suggests that this reaction was due to fears that persistent high inflation might lead the Federal Reserve to maintain or even increase interest rates, negatively impacting risk assets like cryptocurrencies. Additionally, the market's anticipation of the Federal Reserve's next moves, particularly in light of upcoming economic data releases, adds to the volatility in crypto prices.

Read the Full FXStreet Article at:
[ https://www.fxstreet.com/cryptocurrencies/news/bitcoin-ethereum-and-xrp-slide-following-a-jump-in-core-pce-inflation-202503282100 ]