Watch out for US Core PCE data

Watch out for US Core PCE data

by Tiffany Wang, WOO Analyst

In June 2024, the UK inflation rate was 2%, slightly above the forecast of 1.9%. The increase was mainly due to rising costs in restaurants, hotels, and transport, partly driven by the Taylor Swift concert in London.

US PCE data will be released on July 26.

Market Overview from WOO X Research

BTC has continued to break through stage highs, peaking at $68,474 and successfully holding above $64,000. 

The current uptrend is expected to persist unless BTC falls below $66,000. After the correction, the next target for BTC is $72,000.

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