Bitcoin Surge Alert! đ
Exciting news in the crypto world! The latest core Personal Consumption Expenditures (PCE) data for August just dropped, and itâs turning heads! With a year-on-year increase of only 2.2%, below the expected 2.3%, inflation pressures seem to be easing. This could mean a more comfortable stance for the Federal Reserve when it comes to interest rate cuts.
As a result, Bitcoin is making waves! After the announcement, it soared to nearly $65,960, inching closer to the $66,000 milestone.
What does this mean for you? More potential upside for risky assets like Bitcoin as investors look for opportunities in a favorable monetary environment.
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