14:04 ET - Caution is the prevailing mood of cryptocurrency traders ahead of Thursday's report on personal consumer expenditures from the Bureau of Economic Analysis, says Bitfinex in a note. The PCE has been the preferred gauge of inflation for the Federal Reserve, and data that lends credence to the idea of the Fed raising interest rates in the near term. Meanwhile, for BTC, Bitfinex says that weakness in prices appears to be lingering. "The underlying market structure looks to have deteriorated rather than achieved a healthy reset," says the firm. Bitcoin is below $75,000 this afternoon, down 1.4%. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
May 27, 2026 14:04 ET (18:04 GMT)
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