The market is awaiting the Federal Reserve's preferred indicator—January Personal Consumption Expenditures (PCE) inflation data, which will be released this morning. Influenced by this news, stock index futures rose slightly. Crude oil prices retreated, with WTI crude oil futures declining 2.4% to $93.50 per barrel, following the U.S. temporarily easing sanctions on Russian oil to boost global supply. Bitcoin is trading near $72,300, rebounding from overnight lows near $70,000.

BTC0.32%
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