Bitcoin (BTC) prices are mild, around $110,000. The market expects a signal that US Federal Reserve President Jerome Powell can say on September 17th. If the governing body of our monetary policy is finally decided, the day will be known, we will cut interest rates.
And what does this have to do with Bitcoin? To explain in a simple way, Low interest rates make it cheaper to seek borrowed moneycorresponds to a Fluidity injection You can transfer to financial assets such as stocks, Bitcoin, and cryptocurrency.
Financial analyst Carmelo German commented in the medium’s exclusive statement. “If the global financial mass rises quickly, for a few months, it’s always transferred to Bitcoin as people constantly invest in BTC and usually rises at prices.”
Cryptootics shows it The expectations for the majority are, in fact, that Jerome Powell has announced interest rate cuts. Next Wednesday.
With Polymarket, a decentralized betting platform, users estimate that the Fed is 87% likely to reduce interest rates at 25 base points, as seen in the image below.
Coinbase analysts, Bitcoin exchanges and the larger US cryptocurrency believe that interest rates will be cut in September, but at least there will be another interest rate by the end of 2025.
Bloomberg specialists Jonnelle Mars and Catarina Saraiva comment:
«Investors have already completely discounted the type cut at the Fed’s Monetary Policy Conference on September 16th and 17th. Also, according to futures contracts, they will come to expect a total of three types of cuts this year. Some Fed observers said weak employment data could boost officials to consider a half-point cut than this month, although inflation data released next week could ease those expectations.
Bloomberg analysts Jonnelle Mars and Catarina Saraiva.
All of this seems like very good news for Bitcoin. but, The market is waiting for certainty, not speculation. So, as mentioned at the beginning of this text, traders and short-term investors (who buy and sell BTC in daily news) are waiting for signs and rumors about what Powell says on September 17th.
The usual readers of this informative portal know that Powell not only presents interest rates in his monthly presentations, but also offers traditional speeches that anticipate the Fed’s next move. What he says there can change the course of the financial market.
For these reasons, Bitcoin remains in countless accounts. Beyond speculation, Truth time arrives on September 17th And in most cases, BTC prices respond accordingly to Powell’s statement.