U.S. Macroeconomic Indicators and Their Impact on the Market

⚡Today, macroeconomic data related to personal consumption expenditures (PCE) was released in the U.S., and Bitcoin reacted with a local price increase.

⚡There is a strong possibility that the Federal Reserve will cut the key interest rate for the first time in a long time as early as September this year. Over the past 24 hours, the yield on Treasury bonds dropped by 0.75%, and futures on the dollar index lost about 0.27%. However, the flagship cryptocurrency faced pressure due to payouts from the bankrupt Mt.Gox exchange.

⚡Senator Cynthia Lummis once again expressed a positive view of the crypto industry. According to her, the primary digital asset will have a systemic impact on the development of the U.S. national economy.