PCE Inflation Decline Sparks Bitcoin Rally Above $65,000

The U.S. Personal Consumption Expenditures (PCE) inflation rate has cooled to 3.7% in June, which is a significant decrease from previous months.

This development is seen as positive for the markets, particularly for Bitcoin, which has rebounded and rallied to the psychological $65,000 level.

The PCE inflation rate is closely watched by the Federal Reserve, and this decline may lead to a more dovish monetary policy stance. However, it's essential to note that investors are cautious about predicting interest rate changes based on a single data point.