Risk-Off Sentiment Dominates Ahead of PCE Release
The crypto market is a sea of red, with the CoinDesk 20 Index down 5% in 24 hours and all members lower.
Most major tokens continue to see capital outflows from futures market and persistent bias for protection against declines in the form of put options tied to and on Deribit.
Friday’s U.S. core PCE, the Fed’s preferred measure of inflation, will be closely watched for signs of a tariff-led resurgence in price pressures in the economy. A hotter-than-expected print could add to volatility in financial markets.
Token Talk
By Francisco Rodrigues
- Plasma, a new blockchain purpose-built for stablecoins, launched its mainnet beta and native token XPL on Thursday, debuting with a fully diluted valuation that’s now…
