Recent data indicates a significant decrease in the US PCE inflation rate to 2.2%, suggesting the Federal Reserve might implement further interest rate cuts. This economic shift is anticipated to positively impact Bitcoin prices in the fourth quarter.
Lower inflation typically leads to reduced interest rates, making alternative assets like Bitcoin more attractive to investors.
The potential rate cuts could provide the cryptocurrency market with a favorable environment for growth, leading to a predicted surge in Bitcoin's value.
Source: en.coinotag.com ↗