©Reuters.
After two weeks of an amazing rally, Bitcoins (Bitcoin) Price was largely flat this week. This is a positive sign as it shows that market participants are not getting nervous ahead of a series of central bank meetings next week. The United States Federal Reserve, the European Central Bank and the Bank of England are expected to announce their monetary policy decisions next week.
Bullish confidence received another boost after December US headline personal consumption spending (PCE) data showed the slowest compound annual growth rate since October 2021. Core PCE rose 4.4% year over year, in line with analysts’ expectations.
Daily performance of the cryptocurrency market. Source: Coin360BTC/USDT daily chart. Source: TradingViewETH/USDT daily chart. Source: TradingViewBNB/USDT daily chart. Source: TradingViewXRP/USDT daily chart. Source: TradingViewADA/USDT daily chart. Source: TradingViewDOGE/USDT Daily Chart. Source: TradingViewMATIC/USDT daily chart. Source: TradingViewLTC/USDT daily chart. Source: TradingViewDOT/USDT daily chart. Source: TradingViewAVAX/USDT daily chart. Source: TradingView
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