Fed’s Favorite Inflation Gauge Just Hit Its Highest Level Since 2023: What It Means for Bitcoin
April PCE inflation hit 3.8% YoY, the highest since May 2023, pushing crypto markets into a higher-for-longer Fed stance.
The US-Iran war has again escalated with fresh strikes from both sides, a development that has now dampened hopes of an imminent peace deal.
Bitcoin's dip amid geopolitical tensions highlights the volatility of crypto markets and underscores the urgent need for regulatory clarity.
May 28, 2026, 2:42 pmSamsung's investment in Dunamu could solidify Upbit's dominance in South Korea's crypto market, potentially paving the way for a Dunamu IPO.
May 28, 2026, 1:32 pmApril PCE inflation hit 3.8% YoY, the highest since May 2023, pushing crypto markets into a higher-for-longer Fed stance.
Bitcoin fell toward the $72,000 level after a new wave of reported US military strikes on Iran pushed oil higher and sent another shock through risk assets. The largest cryptocurrency fell as much as 3.6% over a 24-hour window, touching an intraday low of $72,792, according to CryptoSlate's data.
Bitcoin held a narrow intraday range of $72,622 to $76,047 on Thursday, as bears maintained structural control across multiple timeframes. Price action on the 1-hour, 4-hour, and daily charts all pointed to a market searching for directional conviction near multi-week lows.
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
An unknown entity burned $8.5 million worth of Bitcoin after 12 years of holding, rendering the BTC unspendable, despite its price increasing by 12,700%.
Jeff Walton thinks the idea is almost too simple. The chief risk officer at Strive Asset Management said this week that Bitcoin-backed securities could reshape how people think about money and credit — and that skepticism around the sector partly stems from how straightforward the concept seems.
Strive bought 1,109 bitcoin last week, raising its total holdings to 16,500 BTC and strengthening its place among major public corporate holders. The company is also reviewing new capital-raising tools as it prepares to expand its bitcoin-linked treasury strategy.
Investor retreat from debasement trade signals a shift in market sentiment, potentially impacting asset valuation and hedging strategies.
Bitcoin’s market ranking drop highlights how AI stocks, semiconductor demand and risk appetite are competing with digital gold narratives.