News of the Day

If you're wondering what the news will be that everyone will be talking about for the next few days, we have it for you: the announcement of the United States Federal Reserve (Fed) and the expected cut in interest rates. How will this affect the price of bitcoin and the cryptocurrency market in general

Signs: On Wednesday the Fed would cut interest rates in the US

What impact will the decisions made by the Federal Reserve have on the price of bitcoin?

Rate cuts usually cause increases in the price of bitcoin.

Bitcoin will have a week of high volatility.

The week that begins promises to be busy for the financial markets and bitcoin (BTC) will not be the exception.

On Wednesday, September 18, the meeting will take place in which the United States Federal Reserve (Fed) will decide whether to cut interest rates. Apparently, it will. Let us remember that, as CriptoNoticias reported, it was the Fed president himself, Jerome Powell, who at the end of August said that “the time has come to adjust monetary policy.”

The statements took place on August 23 during a conference that brought together central bankers, ministers, economists and academics from around the world to discuss economic, stock market and monetary issues that affect global economies.

The market also believes that interest rates will be reduced. On Polymarket, a predictive betting portal, 98% of players believe that there will be interest rate cuts this Wednesday.