Bitcoin avoided an inflation shock, now it has to prove the rally isn’t over

The BEA's April PCE print showed headline inflation at 3.8% year over year and core at 3.3%, broadly matching economist expectations and removing the risk of a fresh macro shock, leaving Bitcoin in the fragile middle ground it has occupied since losing $75,000, where macro panic has cooled. Yet, renewed demand still has to arrive before stabilization becomes a directional move. Matt Mena, senior crypto research strategist at 21Shares, said in a note: “ Market sentiment is being anchored by today