Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike bets
Bitcoin holds firm around $29,000 as markets escape a "shock" from the week's main macro event. Bitcoin (BTC) stayed choppy at the April 28 Wall Street open while United States macro data conformed to expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE offers "nothing to shock" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp. U.S. Personal Consumption Expenditures (PCE) Index data, tipped as the macro event of the week, failed to deliver a performance catalyst as numbers broadly conformed to what markets had already priced in. “The trend is our friend, however core sticky for now - hovering at 4.6% since December,” financial commentator Tedtalksmacro responded, adding in Twitter comments that the latest numbers were “Overall nothing to shock the market.” U.S. equities thus showed little movement at the open, while for Bitcoin, Binance order book data showed modest bid l...