Bitcoin ETF Streak Hits $2.57B Ahead of PCE, GDP Data
Inflation, GDP and durable-goods data land together, putting recent ETF demand against a live test from yields and the dollar.
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Inflation, GDP and durable-goods data land together, putting recent ETF demand against a live test from yields and the dollar.
The headline 1.5% growth print undercut forecasts, but a 3.2% consumer-spending pace and 5.7% GDP price index leave the Fed little room to ease, keeping $BTC pinned below $69K.
The miss is large enough to reopen the recession-bid conversation on its own, and it lands the same week as the Fed's rate decision.
The print lands as Beijing's stimulus toolkit narrows and global markets recalibrate the China growth premium that has anchored commodity and currency trades for two years.
The 50-basis-point upgrade is small in headline terms, but it revives the soft-landing read: consumer spending held up faster than the first print suggested.