$BTC The interest rate decision is approaching, BTC breaks below 63,000
The U.S. Federal Reserve’s interest rate decision is coming on July 29. The market estimates the probability of a rate hike at 31%-38%. Bitcoin falls to below 63,000, setting a new low for this month.
Trump continues to call for the Fed to cut rates, increasing market uncertainty.
Two possible directions for the future:
1. Unexpected rate hike—BTC is likely to test as low as 52,000;
2. Keep rates unchanged/issue signals of easing—potentially rebound and challenge 67,000.
$ETH $ZEC
The U.S. Federal Reserve’s interest rate decision is coming on July 29. The market estimates the probability of a rate hike at 31%-38%. Bitcoin falls to below 63,000, setting a new low for this month.
Trump continues to call for the Fed to cut rates, increasing market uncertainty.
Two possible directions for the future:
1. Unexpected rate hike—BTC is likely to test as low as 52,000;
2. Keep rates unchanged/issue signals of easing—potentially rebound and challenge 67,000.
$ETH $ZEC