Bitcoin is showing signs of recovery in July after a poor performance in June. BTC entered July with a 3% increase last week, and although it closed June with a 7% decrease, it generally followed a volatile course. In the first half of the year, the BTC/USD pair experienced volatile price movements and fell below the $60,000 level twice.
Reasons for Fluctuations in Bitcoin
Although the market showed signs of recovery in the second half of the year, uncertainty remains. Based on historical data, July is generally considered the recovery month for Bitcoin. This month provides an average return of 7.3% and a median of 8.9%.
The macroeconomic environment remains uncertain. The release of US macroeconomic data and Fed Chairman Jerome Powell's speeches at the European Central Bank conference may affect the price of Bitcoin. Additionally, the Fed's previous meeting minutes and the June US employment report will also provide more information about the economic outlook.
Impact of Potential Interest Rate Cuts
Speculations continue about possible interest rate cuts by the US Federal Reserve. The market expects two rate cuts of 25 basis points each by the end of the year. If these reductions materialize, more investments could be made in alternative assets such as cryptocurrencies. But the Bank for International Settlements (BIS) has warned that prematurely loosening monetary policy could reignite inflation and cause a costly reversal in the long run.
The Federal Open Market Committee (FOMC) meeting on July 30-31 could provide more clarity on the Fed's policy direction. Market participants will closely monitor signals that may affect Bitcoin's future trajectory.
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So who will benefit?
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I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
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