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Image Credit: Coin Telegraph

Friday’s US inflation report may catalyze a Bitcoin April rally

  • 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.

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