Bitcoin made us laugh after two weeks: Expectations increased!

The leading crypto Bitcoin (BTC) rose above $60,000 for the first time since August 29.

BTC, which increased by over 4 percent in the last 24 hours, gave hope to investors. While activity began in the cryptocurrency market, eyes turned to the Fed's interest rate decision to be made next week.

BTC rose on the last trading day of the week. Crypto analysts stated that the potential bottom levels were completed and the price started to recover.

Spot Bitcoin ETFs traded in the US reported a net inflow of $263 million the other day.

Positive consumer and producer inflation data from the US paved the way for the rise of #Bitcoin (BTC). While consumer inflation decreased to 2.5 percent annually, producer inflation increased by 0.1 percent monthly. Economic experts who evaluated the data in question shared the common view that the Fed will cut interest rates by 0.5 basis points in September.

For two years, it has been expected that the Fed will cut interest rates and begin monetary easing. For the first time since the Covid-19 period, inflation in the US has fallen sharply.

BTC, which is preparing for the monetary easing process, is waiting for the #FOMC meeting next week. The Fed interest rate decision will be announced on Wednesday, September 18 at 21:00 Turkey time and the FOMC economic plans will be announced.

$BTC BTC is expected to maintain the $ 60,000 level throughout the weekend and make a strong start to the new week. According to analysts, the rise that BTC has made this week is pricing in the Fed's interest rate cut next week.

Amid speculation that a bear market will occur in September, the Bitcoin price reached $ 60,000. With this rise, BTC's September performance turned into a 1.51 percent increase.

If #BTC closes the month above $ 60,000, the downward cycle known as the "September curse" will end. As is known, BTC had completed 8 of the last 11 years of September in negative.

September turning green in the monthly performance table was welcomed positively.