Bitcoin Falls On U.S. PCE Market Expectations

U.S. Commerce Department Says "PCE Up 2.6% In June"
BTC Down To $115,000...Altcoin Down About 5%
Expert "Institutional Buying Decreased, BTC May Fall"

The cryptocurrency market fell on Aug. 1 as personal consumption expenditure(PCE) in the U.S. exceeded market expectations.

The U.S. Department of Commerce reported on Thursday that PCE in the U.S. rose 2.6 percent year-on-year in June. Excluding energy and food products, the core PCE price index rose 2.8 percent year-on-year and 0.3 percent month-on-month.

Both PCE and core PCE beat expert estimates compiled by Dow Jones by 0.1%.

Bitcoin(BTC) fell to $115,000 after PCE, a major economic indicator referenced by the U.S. Federal Reserve, exceeded market expectations and was interpreted that inflation was still severe.

The decline in Bitcoin led to an average decline of about 5% for altcoins.

◇Bitcoin = Bitcoin price is $114,845 at 4:30 p.m. on Aug. 1, 2025. The Bitcoin share (dominance) was 61.85%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 57.08% and 42.92%, according to the on-chain analytics platform Sigbtc.

Experts predicted a decline in Bitcoin. Analysts say that the inflow of institutional funds slows and further declines are possible.

In a recent report, 10x Research warned that "August was the slowest month in the past 10 years" and that "the market could enter an adjustment phase."

"Bitcoin is currently trading on an extremely narrow channel just before $120,000, but its upward momentum is weakening," he said. "The inflow of capital into the Bitcoin network is also slowing."

Marcus Tillen, an analyst at 10x Research, said, "Considering that listed companies are investing billions of dollars, the actual move to increase bitcoin prices is insignificant," adding, "This suggests that the market is likely to fail to meet expectations despite various supports. Bitcoin will eventually form a support at the $112,000 level."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Aug. 1 was Siacoin(SC), up about 10% on the day alone.

Siacoin is a cryptocurrency classified as a Web 3.0 token and is a native token of Sia, a blockchain platform that provides shared cloud services. Siacoin is a token used on the Sia platform to continue the data storage space sharing ecosystem. Those who share data storage capacity receive Siacoin in exchange for compensation.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 65 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 32.4, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr