👀👀Bitcoin Price Rising Again 👀👀

The Bitcoin price fell to $ 59,400 and has not yet reached its daily peak after falling to $ 57,700. The price, which lost $ 60,000 with yesterday's fluctuations, may retest this key level if the current trend continues. The Fed member's statements provide important clues about the current situation in inflation and employment.

The Fed's stance is of great importance for cryptocurrencies and there are still a few weeks left until the September meeting. The Fed is expected to make its final decision after the August data. However, the latest data has reduced the possibility of a 100 basis point or more cut. If the inflation data for August remains below 3%, the expected bold 50 basis point cut may occur. Musalem stated that the balance of risks in the inflation and employment market has changed. He stated that the economy is growing strongly and that the current data does not support recession expectations. It forecasts GDP growth of 1.5% to 2% in the second half of this year and does not expect a recession in the next few quarters. Recent data has boosted its confidence in inflation. While there are signs of a cooling in the labor market, layoffs remain low. The strong growth of the economy and the fact that the data does not support the idea of ​​a recession continue to be important indicators for investors. The future movements of the Bitcoin price and the Fed's policy stance will play a critical role in shaping investment strategies.

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