Tonight at 8:30 PM: U.S. PCE data incoming—two key points for the crypto market! At 8:30 PM tonight, the U.S. will release the July Core PCE Price Index (the Fed's key inflation gauge) and the monthly personal spending rate. The market expects Core PCE YoY at 2.9% and MoM at 0.3%. The results will directly impact the crypto market's direction: 1. Data bullish for crypto (below expectations) Eased inflation pressure could fuel expectations of Fed rate cuts. Funds may flow into crypto and other risk assets, with lower borrowing costs + boosted market optimism driving major coins (Bitcoin, Ethereum) higher and increasing trading volumes. 2. Data bearish for crypto (above expectations) Higher-than-expected inflation could weaken Fed rate cut expectations. Funds may shift from crypto to safer assets like bonds, increasing the opportunity cost of holding digital currencies. This could trigger a sell-off, leading to price drops and cooling market sentiment. $BTC