The Federal Reserve is likely to cut interest rates at its FOMC meeting this week, according to CNBC, quoting multiple analysts. CME FedWatch also estimates a 96% chance of a 25bp cut. A rate cut means a weaker dollar, an increase in the money supply, and has historically shown a high correlation with Bitcoin. Therefore, Bitcoin is likely to rise this week, benefiting from the rate cut. Bitcoin has continued to rise by more than 50% since the US presidential election, and the Trump administration's cryptocurrency-friendly regulatory environment and moves to introduce Bitcoin as a national strategic asset are providing positive catalysts for the cryptocurrency market.

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