How Hedera reacted to the Personal Consumption Expenditures on 30 April 2025

The short answer

An exceptional reaction. In the 15 minutes after the figure came out, Hedera's price swung 4.20 times as much as in a normal 15 minutes that day. For a PCE release, 1.51 times is usual. An hour later the price was 2.71% higher.

4.20x

Exceptional

Trading (volume ratio)
6.87x
usual for PCE: 1.80x
Price at 10:00 AM
$0.176280
15 minutes later
+1.16%
One hour later
+2.71%
range 3.06%, hour before 3.42%
HBAR/USDT, 15 minutes candles around the release, 10:00 AM America/New York

The dashed orange line is the release. Chart data from Binance.

Open
0.187010
Close
0.183750
24h change
-1.77%
24h high
0.188580
24h low
0.175880
24h volume
224.522M HBAR

Measured by Clometrix

Hedera's volatility ratio was 4.20x, against 1.51x for a typical PCE release since 2021. Its volume ratio was 6.87x, against a typical 1.80x. That is more than twice what this release usually does. Both compare the quarter hour of the release with an ordinary quarter hour that same day, where 1.00x is no change: volatility is how far the price ranged, volume how much traded.

How Hedera moved

Hedera was at $0.176280 when the figure came out. Fifteen minutes later it was 1.16% higher, and an hour later 2.71% higher. Its high-to-low range in the hour after was 3.06% of its price, against 3.42% in the hour before.

The release

Released by the Bureau of Economic Analysis on 30 April 2025 at 10:00 AM EDT. The Personal Consumption Expenditures came in at 0.0% for March 2025, against 0.4% in February 2025. Prices were flat.

It arrived at the same moment as Personal Income and Outlays and Core Personal Consumption Expenditures, so the reaction measured on this page belongs to all of them together.

What made it matter

Since 2021, PCE releases in the two weeks before a Fed decision have moved Hedera about as much as those at other times: a median volatility ratio of 1.41x across 18, against 1.51x across 52. This one came out 7 days before the Federal Reserve's 7 May rate decision. Its own ratio of 4.20x compares with 1.41x for those, so it moved the price more than its circumstances alone would suggest.

Its record

Across 70 PCE releases since 2021, Hedera's median volatility ratio is 1.48x.

How it compares

Across 69 PCE releases since 2021, Hedera's usual price swing is 1.51x. This one was 2.79 times the usual.

MutedOrdinaryStrongExceptional

Thin line: PCE's usual, 1.51x. Thick line: this release, 4.20x.

Minute by minute

Each row is the time after the release, with the same length of time before it for comparison.

After High Low Close Change Range Range before Volume
1 minute 0.17688 0.17588 0.17688 0.34% 0.57% 0.36% 856,824 HBAR
5 minutes 0.17853 0.17588 0.17811 1.03% 1.48% 0.93% 4.546M HBAR
10 minutes 0.17899 0.17588 0.17885 1.44% 1.74% 1.49% 7.126M HBAR
15 minutes 0.17899 0.17588 0.17833 1.15% 1.74% 1.55% 9.512M HBAR
30 minutes 0.18021 0.17588 0.17991 2.02% 2.40% 2.41% 18.198M HBAR
1 hour 0.18127 0.17588 0.18105 2.63% 2.97% 3.31% 35.266M HBAR
2 hours 0.18227 0.17588 0.18103 2.62% 3.51% 5.29% 46.264M HBAR
4 hours 0.18245 0.17588 0.18161 2.93% 3.60% 5.78% 73.237M HBAR
6 hours 0.18363 0.17588 0.18321 3.78% 4.22% 5.78% 93.097M HBAR
8 hours 0.18703 0.17588 0.18161 -2.62% 5.96% 2.43% 135.455M HBAR
12 hours 0.18487 0.17588 0.18375 4.07% 4.86% 6.55% 124.394M HBAR

Every coin at this release

Coin Price swing Usual for PCE Reaction
Bitcoin 3.84x 2.03x Strong
Ethereum 3.85x 1.77x Exceptional
XRP 4.19x 1.81x Exceptional
BNB 2.84x 1.75x Strong
Solana 2.25x 1.57x Strong
Dogecoin 3.58x 1.52x Exceptional
TRON 2.52x 1.43x Strong
Cardano 3.62x 1.90x Strong
Chainlink 3.15x 1.62x Strong
Sui 3.61x 1.53x Exceptional
Bitcoin Cash 3.50x 1.69x Exceptional
Hedera 4.20x 1.51x Exceptional
Avalanche 3.31x 1.55x Exceptional
Litecoin 4.21x 1.64x Exceptional
Gram 5.08x 1.32x Exceptional
Shiba Inu 3.45x 1.75x Strong
Uniswap 3.15x 1.49x Exceptional
Polkadot 2.54x 1.50x Strong
Aave 3.11x 1.58x Strong
Bittensor 4.77x 1.68x Exceptional
NEAR Protocol 4.13x 1.43x Exceptional
Aptos 2.81x 1.73x Strong
Internet Computer 3.09x 1.50x Exceptional
POL (prev. MATIC) 4.19x 1.60x Exceptional
Filecoin 4.07x 1.51x Exceptional

What is the Personal Consumption Expenditures?

Personal consumption expenditures (PCE) is a measure of the prices people in the United States pay for goods and services. PCE accounts for about two-thirds of domestic spending and is a significant driver of gross domestic product (GDP). An estimated total of personal consumption expenditures (PCE) is compiled by the Bureau of Economic Analysis as one way to measure and track changes in the prices of consumer goods over time.

Every PCE release for Hedera

Questions about this page

Is 4.20x a lot?

For a PCE release it is exceptional: the usual is 1.51x. Each report has its own usual size, and its releases show it.

Will the next PCE do the same?

Nobody can say. A forecast shows the range Hedera moved in after past PCE releases, so you can plan for the likely size of the move.

What is PCE, and why does the Fed watch it?

PCE is the Personal Consumption Expenditures price index published by the Bureau of Economic Analysis. The Federal Reserve measures its 2 percent inflation goal with the PCE price index. PCE, Core PCE and Personal Income are released together at 8:30 a.m. ET and share one reaction. Their median Bitcoin price swing since 2021 is 2.03x, which places them in Tier 2.

More questions · Glossary

Disclaimer

The data analysis, forecasted results and projections provided herein are based on historical price action and market trends. While every effort has been made to ensure the accuracy of the information, these predictions are speculative and should not be considered a guarantee of future performance. Market conditions can change rapidly, and past performance is not indicative of future results. Trading and investing involve significant risk, and you should conduct your own research and consult with a licensed financial advisor before making any investment decisions. We do not assume any liability for any losses that may result from reliance on this information.