According to Omkar Godbole, Valentine Fournier, an analyst at BRN, stated that long-term structural demand for bitcoin BTC will overcome short-term bearish sentiment, driven by institutional adoption from entities like Metaplanet and Texas. Fournier added that Solana SOL could outperform in a recovery, while Ethereum ETH may regain support as volatility eases. Mean Theodorou, co-founder at Coinstash, noted that volatility could persist due to geopolitical events like U.S.-Iran tensions, with altcoins such as DOGE, ADA, and SOL showing steep losses indicating market de-risking. Key trading events this week include Federal Reserve Chair Jerome Powell's testimony and core PCE data release, which could influence crypto markets.

According to Crypto Rover, the Personal Consumption Expenditures (PCE) data, set for release at 8:30 AM ET, could influence Bitcoin's market performance. February's Core PCE was 2.6%, and a rise to 2.7% is expected. If the actual figure is lower than anticipated, Bitcoin is likely to rally, suggesting traders should prepare for potential market movements. This analysis is based on historical data where lower-than-expected inflation figures have often led to cryptocurrency price increases.

According to Mihir (@RhythmicAnalyst), the Personal Consumption Expenditures (PCE) data for January 2024 will be released on Friday, February 28th. This data is closely monitored by the Federal Reserve and is crucial for cryptocurrency traders as it can influence market volatility. The data release is scheduled for 8:30 AM ET, and traders should be aware of the potential impact on crypto pricing dynamics. As the Fed's preferred inflation measure, any deviation from expectations could lead to significant trading opportunities or risks.