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The US PCE inflation cools for the second month to 2.1% from 2.3% in the previous month. The monthly core PCE inflation, which excludes volatile and energy prices, comes in at 0.1%. It has increased from a flat reading last month. The US Fed is expected to keep interest rates unchanged at the upcoming FOMC meeting next month. Bitcoin recovers slightly after the PCE inflation data release. Analysts eye BTC to reclaim $107K for further rally.
Whale 0x3c9E deposited 502.5 billion Pepe Coin tokens worth $6.47 million to Binance, continuing the selloff since early May 9. Options expiry and US PCE inflation fears triggered a 12% drop in Pepe Coin price on Friday. U.S. President Donald Trump earlier shared an image on his Truth Social showing Pepe the Frog character at the back, but failed to trigger a further rally.
Analysts are warning of a potential Bitcoin correction in June, citing bearish divergence signals across key timeframes. However, rising institutional interest may offset historical parallels.