Bitcoin and Ether Trade Sideways: Market Focuses on US PCE Data

According to current data, Bitcoin is stabilizing at around $66,601 with a 0.4% increase, while Ether is trading at the $1,956.48 level, up 0.7%.
Analysts state that this stagnation in the market stems from investors focusing on upcoming macroeconomic data.
Fed Minutes and Interest Rate Uncertainty A market note published by Saxo Bank emphasized that the U.S.
Federal Reserve (Fed) meeting minutes have deepened uncertainty regarding interest rate policy.
The divergence of opinions among policymakers highlighted in the minutes prevents the formation of a clear timetable for the interest rate cut process.
This situation limits risk appetite, causing trading volumes on crypto assets to remain low.
Critical Threshold: PCE Inflation Data The most critical development of the week for the markets will be the U.S.
Personal Consumption Expenditures (PCE) data to be announced on Friday.
This data, considered the Fed's primary indicator for tracking inflation, could determine the short-term direction of cryptocurrencies.
Data coming in above expectations could strengthen the dollar index and put pressure on crypto assets.
Conversely, if the data falls below expectations, it could trigger upward momentum in the markets with the perception that inflationary pressures are easing.
Saxo Bank analysts predict that investors may remain cautious until clarity emerges regarding the interest rate path.