Bitcoin (CRYPTO: BTC) is up 4% on Friday as PCE inflation fell to 2.8%, oil prices dropped, $3 billion in options gamma triggered dealer hedging and ETF inflows hit four consecutive days.
PCE Inflation Falls Below Estimates
The Personal Consumption Expenditures index increased 2.8% year-over-year in January 2026, according to data released today by the Bureau of Economic Analysis.
Month-over-month, PCE rose 0.3%.
Core PCE, excluding food and energy, rose 3.1% year-over-year and 0.4% month-over-month, remaining well above the Fed’s 2% target.
The data suggests inflation is moderating but remains a concern ahead of next week’s FOMC meeting, where the Fed is widely expected to hold rates steady despite President Trump’s calls for an emergency rate cut.
Oil Prices Drop On Russian Waiver
WTI crude oil futures fell more than 1.5% while Brent oil slipped 1% on Friday.
The decline followed the …