The crypto market froze in anticipation of the PCE data

The cryptocurrency market is showing consolidation on Friday. Bidders took a wait-and-see attitude ahead of the release of important December data on the PCE price index in the United States.

PCE data is a determinant of inflation for the Federal Reserve and can significantly affect interest rate forecasts. This week, the Federal Reserve left the rate unchanged, stressing that its reduction is unlikely in the near future.

The second largest cryptocurrency, Ether, is showing growth of 1.6%, reaching $3,243.87. XRP, on the contrary, decreased by 1%, trading at $3.0866. 

Instability in the memicoin market persists. $TRUMP declined by 7.2%, bringing it close to 60% below the peak reached after the launch. 

Solana, Cardano and Polygon show limited dynamics, remaining in narrow ranges. Dogecoin, in turn, decreased by 1.2%.