Bitcoin Boom or Bust? Fed Rate Decision Could Change Everything!
Bitcoin prices sit near $58,000 as markets await the Federal Reserve’s rate decision. BTC has also seen wild swings lately, as did almost the entire market. Mining profits are down, even as network computing power rises. Let’s dive right in and explore this topic further. Scroll down for more info! Also Read: Shiba Inu (SHIB) &, Dogecoin (DOGE) Price Prediction For September End 2024 Navigating Bitcoin’s Future: Fed Rate Decision, BTC Mining, and Price Trends Fed Rate Cut Looms Large The Federal Reserve will likely cut interest rates on September 18, which is tomorrow. CME Group data has shown a 62% chance of a 0.5% cut. Jonathan de Wet from Zerocap believes in a bigger cut. He said, “Given the Fed has waited this long for the initial cut, Zerocap is in the 50 bps camp, as opposed to backing the more conservative call of 25bps.” Bitcoin Price Projections Diverge Experts disagree on Bitcoin’s short-term price after the Fed decision. De Wet sees a possible r...