Hello friends, in a few hours we will know the decision of the FED, how much will the interest rate cut be?
I tell you, this determines the volatility of Bitcoin and other cryptocurrencies, I explain that it can raise the price of $BTC and that on the contrary it can cause it to go down.
Friends, a 25-point cut is expected to encourage a rise in cryptocurrencies. If it is a moderate cut, Bitcoin and Cryptocurrencies will have an upward trend. What happens if the cut is more aggressive, for example: 50 points or 75 as we saw in the news that a congresswoman asked for? Well, this would be negative for cryptocurrencies in the short term because the FED would be avoiding an economic reception.