#Bitcoin above $60,000 once again... will it stay that way or fall back again?
đ If the FED makes a 25 basis point cut, some experts point out that this would send a bad signal to the markets and cause a fall.
This is because the FED would not provide sufficient monetary relief at this time.
đ Some analysts point out that the interest rate adjustment is already discounted in the price of bitcoin. If true, the price could be negatively affected after the announcement tomorrow Wednesday.
đž If the adjustment is 50 basis points, it would be a significant stimulus to the economy and we could see more capital flowing into Bitcoin.
Get informed with the full note đ
What impact do you think the FED rate cut could have on Bitcoin?
đ± = Fall in price.
đ = No change.
đ = Price increase.#MarketSentimentToday #FED #BTC #Bitcoinâïž $BTC
