Friday’s PCE inflation report may catalyze a Bitcoin April rally

Traditional and cryptocurrency investors are eagerly awaiting Friday’s upcoming Personal Consumption Expenditures (PCE) release, which may provide more relief to inflation-related concerns and bring more investor appetite to risk assets including Bitcoin. The US Bureau of Economic Analysis (BEA) is set to release the next PCE report on March 28, which measures the inflation in the prices that US consumers are paying for goods and services. The PCE inflation print may become the “next key catalyst” for Bitcoin (BTC) and other risk assets, according to QCP Group, a Singapore-based digital asset firm. QCP wrote on Telegram:“As we approach Friday’s quarterly expiry, with the highest open interest in topside strikes above $100K, we don’t expect major volatility driven by options positioning alone source: https://cointelegraph.com/news/friday-pce-inflation-report-catalyze-bitcoin-april-rally?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound