BTC still fell at the Wall Street opening session on August 1 despite news of interest rate cuts from the central bank.
📉 BTC/USD dropped 2.4% last day, no momentum after Fed meeting.
🔍 Fed Chairman Jerome Powell suggested that interest rates could be reduced in September if inflation stabilizes.
📊 The market has predicted a 100% possibility of a 0.25% cut in September.
💹 Although US stocks reacted positively, BTC/USD hit a new bottom of $63,400.
🧠 Trader Crypto Chase: "Sentiment remains volatile, could drop to between $61k to $59k."
🔥 Trader CrypNuevo: "Possible short squeeze before the weekend."
🔎 QCP Capital: "New ETH ETF Could Short-Term Impact on Market Sentiment."
📈 Long term, discussions about Bitcoin reserves by US Presidential candidates could change the crypto landscape.
💬 What do you think about the future of BTC? Share your opinion!