Core PCE & Crypto Market

The Core PCE data, which is seen as an important parameter for the interest rate cuts by the FED, has come with interesting numbers. The monthly data came as expected with 0.3% as the consensus was on the same percentage. The yearly data came 2.8% and the mutual expectation was 2.6% for this month.

Obviously, the influence of global factors will be high over the next 3 to 5 months. The majority of the market participants do not expect an interest rate cut in the U.S. before June. Even more, the FOMC meeting in September or October might be the only possible time to see an interest rate cut decision rather than the verbal guidance by the FED.

Aside from the Core PCE data, the inner dynamics of crypto have some updates, too. First of all, most of the altcoins have lost the value they gained from October 2023 to March 2024. Though the uncertainties continue, they may not break the historical support channels in the market turbulence.

Reading the market successfully requires some experience and research in crypto. When we consider the DeFi trend in the previous bull market, those who invested in UniSwap, PancakeSwap and DeFi hype projects made a nice amount of money thanks to their focus on the hype of the market.

Now, the market is driven by several concepts such as Liquid Staking, GameFi, AI and Real World Assets. Among the hype concepts, the RWA and AI integration are gaining more attention since they are already the hottest concepts in the stock markets, too. The real winners are generally the ones who can take position according to the market sentiments timely.

The market will always have ups and downs; fear and fud times. Yet, hodling your valuable coin / share gains more importance as the silent rush into crypto becomes unconcealable. As the SEC brings new troubles to the market regularly, the downs and bad days were dominating the crypto's agenda. MetaMask deals with the SEC as the policymakers do want to let people use their self-custodial wallets without any KYC process.

Regardless of what we are experiencing and where we are heading for in the short term, the future of crypto is crystal clear. Even when the giants of the global trade sometimes turn their back to the crypto ecosystem, they never close the door completely.

As an example of come backs, Stripe restarts crypto payments because the market share can be easily picked up a rival of Stripe's and the domination may not recover later on! Crypto is the potential itself, the giants are learning this lesson from their trial-and-error systems.

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