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US PCE Inflation To Come In Hot, Bitcoin & Ethereum To Face Huge Liquidations

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72% Informative

Bitcoin and ETH prices under pressure due to expiry and inflation data.

US Federal Reserve's preferred gauge to measure inflation personal consumption expenditures ( PCE ) is expected to come in slightly hot, as per US economists.

Bitcoin options worth $3.65 billion and $1.35 billion are set to expire on Deribit .

US FOMC to deliberate again on starting Fed rate cuts in September , but may delay based on recent data.

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