Notable news in the last 24 hours (May 27)

BTC: 26,773 USD | ETH: 1,835 USD
Total market capitalization: $1.122 billion

1️⃣ The US Department of Commerce announced a 0.4% increase in the core personal consumption expenditures (PCE) price index, which is considered negative news for Bitcoin. However, by the morning of May 27, the crypto market recovered slightly. Bitcoin is up about 1% and is currently trading around $26,700.

2️⃣ The first stablecoin BRC-20 appeared on Bitcoin: Stably, a platform specializing in providing infrastructure for Web3 projects, has just launched a stablecoin called Stable USD (#USD).

3️⃣ JPMorgan: Bitcoin Could Hit $45,000 As Gold Price Rises: These two assets tend to move in tandem and are seen by investors as alternatives amid inflation.

4️⃣ Over $135 million AVAX to be unlocked on May 28: Over 9.3 million AVAX tokens, 1.33% of total supply. AVAX is currently trading at 340,700 VNDC, up 2% in the last 24 hours.