Bitcoin (BTC) rallied on the back of the U.S. stock market’s 3.4% gains on Oct. 28, as the S&P500 Index rose to its highest level in 44 days. In addition, recently released data showed that inflation might be slowing down, which gave investors hope that the Federal Reserve might break its pattern of 75 basis-point rate hikes after their November meeting. In September, the U.S. core personal consumption expenditures price index rose 0.5% from the previous month. Although still an increase, it was in line with expectations. This data is the Federal Reserve’s primary inflation mea ...
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