Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over

The BEA's April PCE print showed headline inflation at 3.8% year over year and core at 3.3%, broadly matching economist expectations and removing the risk of a fresh macro shock, leaving Bitcoin in the fragile middle ground it has occupied since losing $75,000, where macro panic has cooled. Yet, renewed demand still has to arrive The post Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over appeared first on CryptoSlate.