Bitcoin Surpasses $3,200 Following PCE Inflation Data; Wormhole Emerges As Top Gainer

Bitcoin BTC/USD moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday.

Ethereum ETH/USD also recorded gains, trading above the key $3,100 mark this morning.

Wormhole (CRYPTO: W) was the top gainer over the prior 24 hours, while EOS EOS/USD turned out to be the biggest loser.

The Federal Reserve’s preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March. The headline PCE price index rose from 2.5% in February 2024 to 2.7% year-on-year in March, beating forecasts of a 2.6% increase, the Bureau of Economic Analysis reported Friday.

At the time of writing, the global crypto market cap rose…

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