📢 Cryptocurrency and Blockchain News!

🔹 Bitcoin Ended August in the Red, but Experts Are Differing on September. Some point to macroeconomic changes, potential rate cuts, and growing institutional interest as reasons for optimism.

🔹 Coinglass data shows that September has been Bitcoin’s worst month since 2013, with an average drop of -5.36%. This has investors worried, but there are signs that September could be an exception.

🔹 A possible Fed interest rate cut could increase demand for Bitcoin. Institutional interest is also growing thanks to the approval of Bitcoin spot ETFs in January. Bitcoin’s hashrate has hit a record high of 746 EH/s, which could signal a bullish trend.

🔹 George Verbitsky, founder of TYMIO, believes that rate cuts could push Bitcoin to the upper end of its current range. Pro-cryptocurrency legislative moves in the US could boost market sentiment.

🔹 Casey Grooms, co-founder of Soulbound, notes that recent Bitcoin price fluctuations are related to macroeconomic uncertainty and interest rate changes.

🔹 Elastos' Jonathan Hargreaves expects September to start with bearish sentiment, but hopes for a recovery in the final quarter.

🔹 BasedVC's Bin Wang believes the current cycle could be different due to capital inflows into Bitcoin spot ETFs and the expected Fed rate cut.

💬 Share your thoughts in the comments! What do you think is in store for Bitcoin in September?