Ether (ETH) May Outperform Bitcoin (BTC) If PCE Inflation Report Is Soft
As the U.S. inflation report looms, there's speculation that if the PCE data comes in soft, Ether (ETH) may outperform Bitcoin (BTC). Recent trends suggest that while BTC has seen a minor decline of nearly 3%, ETH is experiencing a surge in focus from traders, evidenced by significant ETF inflows into ETH. The article highlights that this week, U.S.-listed ETH ETFs gained over $1 billion in inflows, nearly double that of BTC ETFs. Analysts anticipate the core PCE release will influence future Federal Reserve decisions. If the data aligns with or is below expectations, market sentiment might remain favorable; conversely, a stronger report could shift perceptions toward caution. Volatility in BTC has risen, suggesting potential turbulence ahead. In broader market dynamics, the U.S. Treasury yields and liquidity conditions are key factors that investors should watch closely.
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