News View Non-AMP

Will The PCE Figures Ignite a Cryptocurrency Surge? CEO of EVAI.io Weighs in

Published by
Nidhi Kolhapur

Matthew Dixon, the CEO of EVAI.io, the world’s first unbiased AI and ML-driven crypto ratings platform, has tweeted about the potential impact of the Personal Consumption Expenditures (PCE) figures on the crypto industry. According to Dixon, the PCE figures, which provide insight into inflation pressures in the US economy, could affect the value of the US dollar and risk assets such as cryptocurrencies.

This could be a significant market mover, as the data will be considered by Federal Reserve officials in the run-up to their rate decision next week. Any surprises in the data could prompt the central bank to consider tightening monetary policy sooner than expected, which could have significant implications for financial markets.

The potential impact of the PCE figures on cryptocurrencies is particularly noteworthy, as these assets have become increasingly popular as a hedge against inflation. If the data suggests that inflation is picking up, it could fuel demand for digital assets like Bitcoin, which have seen significant price appreciation in recent months.

Overall, the PCE figures are an important indicator of the health of the US economy and could have significant implications for the crypto industry and financial markets more broadly. Investors will be closely watching the data when it is released, and any surprises could lead to significant market moves in the days and weeks ahead.

Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Recent Posts

Are Stablecoins A Threat To Pi Network?

Stablecoins are becoming more popular in the crypto market. Thanks to their steady prices, backing…

July 1, 2025

Ripple Price Prediction As XRP EVM Ledger Goes Live

Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain…

July 1, 2025

Circle Files for National Trust Bank License in the U.S.

Circle Internet Group Inc. (NYSE: CRCL), a top-tier stablecoin issuer, has applied for a national…

July 1, 2025

Solana Did 100x After Binance Listing—KNCH Just Hit BitMart, LBank & XT (Better Tech, Lower Entry)

Kaanch (KNCH) is anticipated to create a great impression in the market through its future…

June 30, 2025

Arbitrum Price Analysis: Can Robinhood’s Involvement Boost Bullish Sentiment for $ARB Price Soon?

Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past…

June 30, 2025

John Deaton Says Wall Street Greed Could Push XRP, ETH & SOL Into Treasuries

Years ago, when John E Deaton, a well-known crypto advocate and legal voice in the…

June 30, 2025