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#BTC ALERT...UPDATE.... The 0.25% interest rate drop by the Bank of England to 5% could lead to a possible spike in Bitcoin prices. This action brings an end to a protracted period of high interest rates, which were fueled by a notable decline in inflation during the previous year, from 8% to 2%. The first rate reduction in more than four years may help the price of $BTC , which has been stuck in a range below $64,000. The US Federal Reserve's August decision to keep interest rates unchanged, however, has restrained the price movement of $BTC . The price of $BTC might get fresh traction and liquidity in September if the US cuts interest rates. Powell, the chair of the Federal Reserve, underlined that solid economic statistics are necessary before relaxing lending requirements. In the absence of encouraging statistics on the labor market and inflation, a September rate cut is unlikely. #BTC #btcboom #aqeelmalik302
#BTC ALERT...UPDATE....

The 0.25% interest rate drop by the Bank of England to 5% could lead to a possible spike in Bitcoin prices. This action brings an end to a protracted period of high interest rates, which were fueled by a notable decline in inflation during the previous year, from 8% to 2%. The first rate reduction in more than four years may help the price of $BTC , which has been stuck in a range below $64,000. The US Federal Reserve's August decision to keep interest rates unchanged, however, has restrained the price movement of $BTC . The price of $BTC might get fresh traction and liquidity in September if the US cuts interest rates. Powell, the chair of the Federal Reserve, underlined that solid economic statistics are necessary before relaxing lending requirements. In the absence of encouraging statistics on the labor market and inflation, a September rate cut is unlikely.

#BTC #btcboom #aqeelmalik302
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