The current price of Bitcoin stands at $62,200 as of now. There has been a mention by Fed member Bostic that a reduction in interest rates could potentially take place in the final quarter, just before the arrival of the PCE data tomorrow. This suggests that inflation is moving in the right direction. In the event that the PCE, which is the inflation gauge closely monitored by the Fed, falls below expectations tomorrow, we may witness an increase in momentum along with a decrease in Bitcoin sales. Stay updated with the latest technology news by accessing NEWSLINKER.
