#BinanceHODLerOPEN Bitcoin, counting down to September 17
There are 9 days left until the U.S. FED announces whether it will cut interest rates. The price of bitcoin (BTC) is holding steady in tense calm around $110,000. The market is waiting for any signal that might hint at what Je#MyTradingStyle rome Powell, chair of the U.S. Federal Reserve (FED), could say on September 17. That is the day it will become clear whether the body responsible for U.S. monetary policy finally decides to cut interest rates.
And what does this have to do with bitcoin? To put it simply, lower interest rates make borrowing money cheaper, which amounts to an injection of liquidity that can flow into financial assets such as stocks, bitcoin, and cryptocurrencies. Analysts at Coinbase, the largest bitcoin and cryptocurrency exchange in the United States, believe there will not only be an interest rate cut in September, but at least one more before the end of 2025. On the decentralized betting platform Polymarket, users estimate there is an 87% chance that the FED will lower interest rates by 25 basis points, :$BTC $BNB
There are 9 days left until the U.S. FED announces whether it will cut interest rates. The price of bitcoin (BTC) is holding steady in tense calm around $110,000. The market is waiting for any signal that might hint at what Je#MyTradingStyle rome Powell, chair of the U.S. Federal Reserve (FED), could say on September 17. That is the day it will become clear whether the body responsible for U.S. monetary policy finally decides to cut interest rates.
And what does this have to do with bitcoin? To put it simply, lower interest rates make borrowing money cheaper, which amounts to an injection of liquidity that can flow into financial assets such as stocks, bitcoin, and cryptocurrencies. Analysts at Coinbase, the largest bitcoin and cryptocurrency exchange in the United States, believe there will not only be an interest rate cut in September, but at least one more before the end of 2025. On the decentralized betting platform Polymarket, users estimate there is an 87% chance that the FED will lower interest rates by 25 basis points, :$BTC $BNB