Crypto Markets Quiet Ahead of PCE Data: Bitcoin and Ethereum in Narrow Range

Interest Rate Uncertainty Weighs on Markets Cryptocurrency markets, led by Bitcoin and Ethereum, have recorded limited gains but remain largely stuck within a narrow trading range.
An analysis note published by Saxo Bank stated that the U.S.
Federal Reserve (Fed) meeting minutes revealed disagreements among policymakers, making it difficult for investors to determine a clear direction.
The ongoing uncertainty regarding the Fed's interest rate policy stands out as the primary factor limiting risk appetite in global markets.
Critical Threshold: PCE Inflation Data Analysts emphasize that the Personal Consumption Expenditures (PCE) inflation data, to be announced on Friday, is of critical importance for the short-term trajectory of crypto assets.
This data, closely monitored by the Fed as an inflation indicator, could strengthen the dollar index and put pressure on risky assets if it comes in above expectations.
Current Status of Bitcoin and Ethereum According to current market data, Bitcoin is trading at $66,601, showing a limited increase of 0.4 percent.
Saxo Bank predicts that investors will remain cautious in the cryptocurrency markets as long as uncertainty regarding macroeconomic data and interest rate policies persists.