What impact will the Fed's rate cut have on Bitcoin?
The CPI released by the United States the day before yesterday was higher than expected, and the PPI released last night was also higher than expected, indicating that the expectation of the Fed's rate cut has further strengthened. Now the probability of the Fed's rate cut in September has increased to 90%.
The negative impact of the Fed's rate cut on the crypto market under the background of economic weakness cannot be ignored.
If Bitcoin rises at this time, it's okay.
If it fluctuates around this range until September, it is possible that Bitcoin will be affected by the Fed's rate cut. Bitcoin will fall again. It is possible that the current market will be halved.
