Bitcoin Slides to $73,000 as PCE Inflation Rises 3.8% in April

PCE inflation increased by 3.8% in April compared to the previous year, nearly doubling the Federal Reserve's target of 2%. According to NS3.AI, the core PCE remained steady at 3.3%, while the monthly core PCE eased to 0.2%, slightly below the 0.3% anticipated by economists. Following the release of this data on Thursday, Bitcoin's value declined towards $73,300 and remained close to $73,000 over the weekend.