Investors eagerly await Friday’s US Personal Consumption Expenditures (PCE) report to ease inflation concerns and possibly increase interest in risk assets, including Bitcoin.
The PCE inflation print is seen as the next key catalyst for Bitcoin, according to QCP Group, a Singapore-based digital asset firm.
The report may further soothe inflation-related concerns and potentially catalyze Bitcoin's historic rally in April.
Bitcoin has historically performed well in April, averaging over a 12.9% monthly return, making it the fourth-best month for Bitcoin's price based on historic returns.