The Federal Reserve’s preferred inflation gauge, Core PCE, declined from 3.4% in May to 3.3% in June 2026, marking its first drop in six years. Bitcoin held steady in a range of $58,000 to $63,000 in the days following the release, with no major volatility spikes or significant liquidation events. This muted reaction is attributed to the modest magnitude of the move, just 0.1 percentage point, and the context of an asset that had already retreated from its peak above $120,000 earlier in the year. A single month of declining Core PCE is merely a data point; two or three consecutive months would be needed to trigger a shift in Fed monetary policy.
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