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Bitcoin Regains $70k as PCE Index Signals Potential Rate Cut

  • The PCE index increased by 0.2% in September, matching predictions.
  • This aligns with the Fed’s annual inflation target and may lead to another interest rate cut on November 7th.
  • Bitcoin dipped below $70K but quickly regained, trading at $70,145 as speculation of a rate cut grows.
  • Investors are bracing themselves for a crucial week as U.S. interest rates and the presidential election heavily influence the market.

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