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Cryptocurrency markets are red today, Bitcoin has dropped to the $74.5K level after previously being higher. I watch this movement while scrolling through news, and it seems there are several factors influencing the price decline.
I also read about how crypto media now take editorial standards more seriously. PCE is one of the economic indicators that traders pay attention to because it can influence market sentiment. It looks like investors are becoming more cautious now.
All serious digital asset platforms are starting to adopt stricter editorial policies. This is good so that the information reaching traders is more reliable and unbiased. But yes, the market is still down today. We'll see how the momentum develops next.