At the time of writing, the price of Bitcoin stood at $62,200. A member of the Federal Reserve, Bostic, has suggested that a reduction in interest rates could be a possibility in the final quarter, pending the arrival of the Personal Consumption Expenditures (PCE) data tomorrow. This data serves as an indicator for inflation and, if it falls below expectations, we might witness an increase in the rate of ascent alongside a decrease in Bitcoin sales. For the most up-to-date technology news, visit NEWSLINKER.
