Bitcoin, which surpassed $66,000, retreats to the low $65,000 range

Bitcoin, which surpassed $66,000 (approximately 9.41 million yen) last weekend, is currently stuck in the high $65,000 range (approximately 9.27 million yen).
At 6:50 a.m. on the 30th, Bitcoin was listed as 1.1866 on CoinMarketCap, a global coin price relay site.
It was up 0.25% from 24 hours ago, at $65,853 (approximately 9.4 million yen). On this day, Bitcoin reached a high of $66,069 (approximately 9.42 million yen) and a low of $65,450 (approximately 9.42 million yen).
Bitcoin has been trading between 330,000 yen and 66,000 yen since August 2016, when it surpassed 66,000 yen on expectations of a big cut by the Fed.
This was the first time since early this year that the Fed's closely watched personal consumption expenditures (PCE) price index showed a slowdown, making big cuts by the Fed more likely.
Last weekend, the U.S. Commerce Department announced that PCE rose 2.2% year-on-year in August. This was not only below the market forecast of 2.3%, but also the lowest level since February 2021.
Immediately after the index was released, interest rate futures traded on the Chicago Mercantile Exchange (CME) were trading at a rate close to the Fed's target of 2%.
The 0.5 percentage point interest rate cut is now 54% probability, up from 49% the previous day. This has pushed Bitcoin to over $66,000, but it has now retreated slightly to $60,000.
It is trading in the high $5,000 range.