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Bitcoin on PCE Inflation Release Days

The PCE price index, from the US Bureau of Economic Analysis, is the inflation measure the Federal Reserve’s 2% goal is defined by.12 This ranks the 80 releases since January 2020 by the size of bitcoin’s move on release day, in the same style as the CPI and producer-price pages.

Data as of · 80 releases, Jan 31, 2020 to Sep 30, 2026 · bitcoin daily closes (UTC) from Yahoo Finance · next release Oct 29, 2026

Illustration: the 15 largest bitcoin moves on days the US PCE inflation data was released since 2020, from +9.88% to −8.73%.
Bitcoin on PCE Inflation Release Days, data as of 2026-10-28
Rank Release date Month covered PCE price index, month Excluding food and energy Bitcoin, release day Bitcoin, prior → close Bitcoin Year Source
1 Oct 1, 2021 August 2021 ▲ +0.4% ▲ +0.3% ▲ +9.88% $43,791 → $48,117 Bitcoin up 2021 BEA release
2 Jun 25, 2021 May 2021 ▲ +0.4% ▲ +0.5% ▼ −8.73% $34,662 → $31,638 Bitcoin down 2021 BEA release
3 Apr 30, 2021 March 2021 ▲ +0.5% ▲ +0.4% ▲ +7.83% $53,555 → $57,750 Bitcoin up 2021 BEA release
4 May 28, 2021 April 2021 ▲ +0.6% ▲ +0.7% ▼ −7.13% $38,437 → $35,698 Bitcoin down 2021 BEA release
5 Mar 26, 2021 February 2021 ▲ +0.2% ▲ +0.1% ▲ +6.64% $51,704 → $55,137 Bitcoin up 2021 BEA release
6 Aug 26, 2022 July 2022 ▼ −0.1% ▲ +0.1% ▼ −6.21% $21,601 → $20,260 Bitcoin down 2022 BEA release
7 Jul 30, 2021 June 2021 ▲ +0.5% ▲ +0.4% ▲ +5.57% $40,008 → $42,236 Bitcoin up 2021 BEA release
8 Aug 31, 2023 July 2023 ▲ +0.2% ▲ +0.2% ▼ −5.00% $27,297 → $25,931 Bitcoin down 2023 BEA release
9 Jan 26, 2024 December 2023 ▲ +0.2% ▲ +0.2% ▲ +4.72% $39,934 → $41,817 Bitcoin up 2024 BEA release
10 Aug 27, 2021 July 2021 ▲ +0.4% ▲ +0.3% ▲ +4.51% $46,942 → $49,059 Bitcoin up 2021 BEA release
11 Dec 23, 2021 November 2021 ▲ +0.6% ▲ +0.5% ▲ +4.43% $48,629 → $50,785 Bitcoin up 2021 BEA release
12 Nov 27, 2024 October 2024 ▲ +0.2% ▲ +0.3% ▲ +4.32% $91,985 → $95,963 Bitcoin up 2024 BEA release
13 Aug 29, 2025 July 2025 ▲ +0.2% ▲ +0.3% ▼ −3.67% $112,545 → $108,411 Bitcoin down 2025 BEA release
14 Mar 27, 2020 February 2020 ▲ +0.1% ▲ +0.2% ▼ −3.67% $6,716 → $6,470 Bitcoin down 2020 BEA release
15 Jul 26, 2024 June 2024 ▲ +0.1% ▲ +0.2% ▲ +3.25% $65,777 → $67,912 Bitcoin up 2024 BEA release

PCE price index, month = the change from the preceding month stated in the opening paragraph of each BEA “Personal Income and Outlays” release, as first published; “excluding food and energy” is the same figure without those two categories. A change of less than 0.1% is shown as “<0.1%”.1 Bitcoin, release day = UTC daily close on the release date ÷ the close the day before, minus 1.2 Each of these moves is within 2.2 percentage points of Blockchain.com’s daily average price.3 Bitcoin fell on 46 of the 80 release days and on 6 of the 15 largest. Observed facts, not a forecast.

The top 8

Personal consumption expenditures (PCE) is the BEA’s measure of what households spend, and the PCE price index tracks how the prices of that spending change. The Federal Open Market Committee (FOMC), the Fed’s rate-setting body, states its 2% goal in terms of this index.12 The release also carries personal income and spending figures, which this page does not rank. For the other inflation reports, see bitcoin on CPI release days and how producer prices have lined up with bitcoin.

#1

Oct 1, 2021 August 2021

▲ +9.88%

The BEA reported that the PCE price index was up 0.4% from the month before in its August 2021 data, and up 0.3% excluding food and energy.4 Bitcoin’s UTC close that day was $48,117, up 9.88% from $43,791.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#2

Jun 25, 2021 May 2021

▼ −8.73%

The BEA reported that the PCE price index was up 0.4% from the month before in its May 2021 data, and up 0.5% excluding food and energy.5 Bitcoin’s UTC close that day was $31,638, down 8.73% from $34,662.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#3

Apr 30, 2021 March 2021

▲ +7.83%

The BEA reported that the PCE price index was up 0.5% from the month before in its March 2021 data, and up 0.4% excluding food and energy.6 Bitcoin’s UTC close that day was $57,750, up 7.83% from $53,555.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#4

May 28, 2021 April 2021

▼ −7.13%

The BEA reported that the PCE price index was up 0.6% from the month before in its April 2021 data, and up 0.7% excluding food and energy.7 Bitcoin’s UTC close that day was $35,698, down 7.13% from $38,437.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#5

Mar 26, 2021 February 2021

▲ +6.64%

The BEA reported that the PCE price index was up 0.2% from the month before in its February 2021 data, and up 0.1% excluding food and energy.8 Bitcoin’s UTC close that day was $55,137, up 6.64% from $51,704.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#6

Aug 26, 2022 July 2022

▼ −6.21%

The BEA reported that the PCE price index was down 0.1% from the month before in its July 2022 data, and up 0.1% excluding food and energy.9 Bitcoin’s UTC close that day was $20,260, down 6.21% from $21,601.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#7

Jul 30, 2021 June 2021

▲ +5.57%

The BEA reported that the PCE price index was up 0.5% from the month before in its June 2021 data, and up 0.4% excluding food and energy.10 Bitcoin’s UTC close that day was $42,236, up 5.57% from $40,008.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

#8

Aug 31, 2023 July 2023

▼ −5.00%

The BEA reported that the PCE price index was up 0.2% from the month before in its July 2023 data, and up 0.2% excluding food and energy.11 Bitcoin’s UTC close that day was $25,931, down 5.00% from $27,297.2 The report comes out at 8:30 a.m. Eastern Time, inside that UTC day, and the day also holds other news; the data does not show that the release caused the move.

Sources

  1. U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index and its 80 “Personal Income and Outlays” news releases, from the December 2019 release (Jan 31, 2020) to the August 2026 release (Sep 30, 2026): release date and the headline and “excluding food and energy” monthly changes in the opening paragraphs, retrieved 2026-10-28. The October and November 2025 data came in one combined release.
  2. Yahoo Finance, Bitcoin USD (BTC-USD) daily history, daily closes in UTC, retrieved 2026-10-28.
  3. Blockchain.com, Market Price (USD), daily average USD price across major exchanges, via the charts API, retrieved 2026-10-25 (cross-check; its data runs to Oct 11, 2026).
  4. U.S. Bureau of Economic Analysis, Personal Income and Outlays, August 2021, released Oct 1, 2021 at 8:30 a.m. Eastern Time.
  5. U.S. Bureau of Economic Analysis, Personal Income and Outlays, May 2021, released Jun 25, 2021 at 8:30 a.m. Eastern Time.
  6. U.S. Bureau of Economic Analysis, Personal Income and Outlays, March 2021, released Apr 30, 2021 at 8:30 a.m. Eastern Time.
  7. U.S. Bureau of Economic Analysis, Personal Income and Outlays, April 2021, released May 28, 2021 at 8:30 a.m. Eastern Time.
  8. U.S. Bureau of Economic Analysis, Personal Income and Outlays, February 2021, released Mar 26, 2021 at 8:30 a.m. Eastern Time.
  9. U.S. Bureau of Economic Analysis, Personal Income and Outlays, July 2022, released Aug 26, 2022 at 8:30 a.m. Eastern Time.
  10. U.S. Bureau of Economic Analysis, Personal Income and Outlays, June 2021, released Jul 30, 2021 at 8:30 a.m. Eastern Time.
  11. U.S. Bureau of Economic Analysis, Personal Income and Outlays, July 2023, released Aug 31, 2023 at 8:30 a.m. Eastern Time.
  12. Federal Open Market Committee, Statement on Longer-Run Goals and Monetary Policy Strategy: “inflation at the rate of 2 percent, as measured by the annual change in the price index for personal consumption expenditures, is most consistent over the longer run with the Federal Reserve’s statutory maximum employment and price stability mandates.”

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