Bitcoin falls 2.3% amid interest rate uncertainty, collapsing below $63,000

Bitcoin is falling as the U.S. stock market is showing signs of turbulence due to interest rate uncertainty.
On the top cap, Bitcoin was trading at $62,858 (approximately JPY 9.1 million), down 2.34% from 24 hours ago.
The previous day, Bitcoin had risen to $64,000 (approximately 9.27 million yen) on hopes of interest rate cuts.
It broke through again and surpassed the $65,000 mark (approximately 9.41 million yen). However, with growing uncertainty over interest rate cuts, Bitcoin appears to have lost its upward momentum.
The uncertainty regarding interest rates is expected to be resolved to some extent with the release of the personal consumption expenditures (PCE) price index on the 27th (local time).
PCE is the inflation indicator that the Fed pays the most attention to, and the Fed is expected to cut interest rates by 0.5 percentage points if PCE falls significantly, and by 0.25 percentage points if it falls slightly.
As Bitcoin fell, most cryptocurrencies also fell, with Ethereum, the second largest by market capitalization, falling 2.94%, and Solana, the fifth largest by market capitalization, falling 3.48%.