How did the U.S. Personal Consumption Expenditures report showing 2.8% inflation on December 5 correlate with Bitcoin’s drop to around $88,000?
Pourquoi est-ce la bonne réponse?
This is correct because a higher PCE inflation rate often triggers fears of tighter monetary policy, leading investors to exit risk assets like Bitcoin. On December 5, the 2.8% reading amplified economic worries and contributed to the price drop to around $88,000. Beginners should link macroeconomic reports with crypto price movements.
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