BTC price It recently reached the $65,000 mark again and no one expected such a rapid rise. Investors who were excitedly waiting for closings above $60,000 are now watching the price try $64,777. The most important reason for the rise is that the Fed is openly saying that it will lower interest rates.
Cryptocurrencies Are Rising
On Wednesday Fed minutes I remember writing when it came, “This is also a turning point, just like the minutes we saw in January 2022.” In those days, we were getting signals that tight monetary policy would strangle risk markets. In these last minutes, we clearly saw that the Fed would now turn on monetary easing mode. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Fed Chairman Powell Before making their statements in the last 24 hours, Fed members made statements one after another saying we should start lowering interest rates. Then, in his Jackson Hole speech, Powell said it was time. Although he did not give any signals about speed, he gave a clear message to the markets that they would start lowering interest rates as of September.
Now markets are expecting a 100bp cut before the end of the year, BTC We are entering with the rise. On September 18th future We will try to get details about the discount speed in the messages to be given at this meeting along with the discount. If the market expectation is supported here, BTC may test $ 73,777 before the end of September.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
