Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom

Permalink Report to webmaster

Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts LoomBitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]

Source: Bitcoin News

#MarketsAndPrices, #Bitcoin, #BitFinex, #BTC, #Crypto, #Cryptocurrency, #Fed, #Forecast, #InterestRates, #Market, #Price, #September, #Volatility