Bitcoin (BTC) critical hours: Either complete or continue!

The crypto market has already started pricing the Fed's interest rate decision, Bitcoin saw $61,000 for the first time in September.

Bitcoin ETFs turned positive as the Fed's interest rate decision approached. $250 million inflow was made to spot BTC ETFs on September 17. The market is blinking for an increase with the upward trend on the ETF side.

According to Farside data, the net money inflow recorded in the market on September 17 is the highest level in the last month. With this development, $BTC BTC saw $61,000 for the first time in September.

It is an obvious fact that the US Federal Reserve will change its interest rate policy and reduce interest rates. However, the size of the reduction to be made is a matter of debate in the market. Some analysts said that a large 50 basis point reduction is possible rather than a 25 basis point reduction. Of course, this situation increased the risk appetite of some investors.

James Butterfill, Head of Research at CoinShares, said, “The pricing in BTC is a sign that a 50 basis point rate cut is emerging, rather than a 25 basis point cut.”

The Fed interest rate decision, which will be announced at 21:30 GMT, could create major volatility in Bitcoin. The admiral of cryptocurrencies, which is currently hovering around the $60,000 band, could exhibit sharp movements in the $58,500-$61,500 range. Therefore, crypto investors should be much more careful than ever during this process. The danger in futures will increase even more. It is highly likely that the volatility in BTC will spread to altcoins.

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