Bitcoin (BTC) saw an increase in value following the Federal Reserve's interest rate cut. The cryptocurrency climbed above $65,000, and analysts predict further growth in October. However, the Fed closely monitors Personal Consumption Expenditures (PCE) data for making interest rate decisions and to gauge inflation. The recently announced PCE data showed a slight decrease compared to previous figures. Looking ahead, experts anticipate one or two more rate cuts by the Fed by the end of 2024, and there is speculation of a rate cut in November. However, this information should not be taken as investment advice.



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