**Bitcoin Price Outlook Amid Central Bank Rate Decisions**

The Bank of England's recent interest rate cut of 0.25%, bringing rates down to 5%, has sparked discussions about its potential impact on Bitcoin. Historically, easing monetary policy has boosted risk assets like Bitcoin and Gold. However, Bitcoin's price remains subdued below $65,000, despite the UK's first rate cut in over four years.

Bitcoin traded at $64,507, down 2.4% in the 24 hours leading up to August 1, according to CoinMarketCap. Analysts suggest that the sluggish price action could be due to the US Federal Reserve's decision to hold its key lending rates steady.

Looking ahead, Bitfinex analysts believe a potential US rate cut in September could inject new liquidity into the market, creating upward momentum for Bitcoin and other cryptocurrencies. This could lead to increased ETF inflows as investors seek higher returns outside traditional assets.