Bitcoin Investors and Traders (BTC) and cryptocurrencies counted on September 17th. On that day, the Federal Reserve will announce whether there will be changes in dollar rates.
Interest rate reductions reduces order costswhich could lead to liquidity injections flowing into financial markets. This is beneficial for the price of BTC and other assets.
Cryptootics showed it a few days ago Expectations are mostly advantageous for reducing interest rates.
As proven, betting platform data, Polymarket. As can be seen in the following image, at the time of this publication, 83% of Trigiators believe there is a possibility of a rate reduction of 25 base points, while 14% believe this cut will be above 50 base points.
Among those who think that the cut will be a basic point of over 50 is user JustWakingUp, Polymarket’s most prolific operator. He is betting $15,000 to ensure his predictions are met.
According to Bloomberg Financial Specialist Alexandra Limba Interest rate reductions are almost true and will benefit all financial markets They usually have a negative or neutral September for seasonal reasons. “If the past serves as a guide, the Federal Reserve officials look ready to resume interest rate cuts at the next meeting, so this month can challenge normal seasonal weaknesses,” he says.
The truth is that we have to wait for September 17th to find out what will happen in the end. Whatever the announcement from Fed President Jerome Powell will affect Bitcoin. Meanwhile, some investors have acquired a market position High volatility for seven days is expected.