🎁🎁Will Crypto Rise in September and November? 🎁🎁

Positive data and moderate statements from Fed Chairman Powell over the last few months have created an optimistic atmosphere in the crypto market. While Bitcoin price reached $63,700, altcoins are also trading in the green zone. Although MTGOX transfers caused short-term declines, there was no major collapse in the market.

The downward revision of Fed members' interest rate cut forecasts for the end of 2024 caused sudden declines in the crypto market. The impact of the US Silkroad sales, simultaneously with sales and MTGOX transfers in Germany, caused fluctuations in the market. However, there has been a Trump-supported rise in recent days. According to FedWatch data, the interest rate cut expectation at the September meeting has reached 100 percent, which shows that the market expects a definite cut in September. Investors, who predict a 150 basis point interest rate cut at the beginning of 2024, are more cautious about the Fed's predictions that it will cut 75 basis points.

Poor inflation data in the first quarter caused concerns. However, while the latest inflation data indicate that the decline will continue, it is predicted that at least two more interest rate cuts may be made before the end of the year, despite the cautious stance of Fed members. This may increase risk appetite as we approach the September meeting.

Crypto reviews for September and November

During this period in 2021, Bitcoin broke new records. Major developments such as the decreasing impact of MTGOX refunds and the increase in ETH ETF inflows give promising signals for the last quarter. So, for these reasons, why is an increase expected?

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