The Federal Reserve's next monetary policy meeting has entered a six-day countdown. According to current data analysis, there is a high probability that the United States will lower interest rates by 25 basis points this month, which is akin to a much-needed rain for the financial markets and is undoubtedly a significant positive development.
Market participants have reached a consensus that this interest rate cut expectation will inject positive elements into various assets, particularly benefiting risk assets.
In this situation, the Bitcoin market has also been infused with new vitality, sparking a wave of upward momentum.
Investors are enthusiastic, and the market generally expects Bitcoin prices to successfully break through the key level of $104,000 within this month, thus creating historic new heights.
Many analysts and investors maintain an optimistic outlook on this development, believing that this interest rate cut will further expand market liquidity, supporting the sustained rise in the prices of Bitcoin and other cryptocurrencies, continuously climbing to new peaks.