Changes in global interest rates would affect the price of bitcoin

The US announced a 0.5% cut in the interest rate, but what is the trend in the rest of the major economies?

The Bank of England decided on Thursday to keep the interest rate at 5%.

The Bank of Japan will define how its monetary policy continues on Friday. The United States Federal Reserve (Fed) reduced the interest rate by 0.5 points, taking it to 5%. This is the first cut in 4 years, so the price of bitcoin (BTC) and other cryptocurrencies reacted with high volatility to the decision of the Open Market Operations Committee (FOMC).

However, the United States is not the only country making adjustments to its monetary policy; other major economies are also making key decisions that could impact global markets, including bitcoin (BTC) and cryptocurrencies. In the case of the United Kingdom, the Bank of England did not make changes to interest rates and remains around 5%. Inflation data for August showed that the Consumer Price Index (CPI) rose at an annual rate of 2.2%, remaining above the 2% target. The British monetary policy body thus remains cautious. This Friday, meanwhile, officials at the Bank of Japan (BOJ) will decide what to do with interest rates. Although no major changes are expected, the board members are analyzing the volatility of financial markets after the biggest drop in the history of the Nikki 225 on August 5. At that time, the interest rate rose to 0.25%, which caused investors to exit the Japanese yen carry trade, which consists of borrowing yen at low interest rates and exchanging them for dollars to invest in risky markets. #europa #Japón #EEUU #Bitcoin $BTC #MarketSentimentToday