My friends, I'll explain to you why cryptocurrencies benefit when interest rates are reduced. And why are cryptocurrencies rising today?

Friends, let's start because there is a rally today. When a market anticipates a drop in interest rates, risk assets, such as cryptocurrencies, become more attractive.

In other words, if the Fed cuts rates, it could make borrowing less expensive and encourage investors to seek higher returns in more volatile markets like crypto. Some analysts even predict that Bitcoin could surpass $70,000 by the end of September.

This projection, while ambitious, is based on general market sentiment, which is fueled by the idea that a rate cut could serve as a catalyst for a massive rally.

I have been mentioning factors that influence the downward or upward trend in Cryptocurrencies. Today we are waiting for the reduction of interest rates to begin on September 18.

On the other hand, we are still waiting for the results of the elections in the United States. It is clear that everything seems to indicate a high probability of an upward trend. Logically, we must remain attentive.

I see a positive scenario, on the one hand in the United Kingdom there is a bill for Crypto assets to be declared as property, which would give rights.

Friends, today $BNB has recovered its price and several Cryptos are on the rise. Thank you for following me and supporting me as a content creator.