Crypto Market Slides as Fed Data Shows Inflation Stalling

Investors are experiencing a bearish trend in the cryptocurrency market today, with prices declining following the release of key U.S. economic data that suggests a slower pace of inflation. The Personal Consumption Expenditures (PCE) price index for March, which is the Federal Reserve’s preferred measure of inflation, remained unchanged from February, marking a first in almost a year. This unexpected stability, coupled with recent upward trends in consumer spending, has prompted some traders to reassess their risk tolerance.