aqeelmalik302

#Bitcoin❗ UPDATE....

The value of Bitcoin ($BTC ) is battling fiercely, ranging from 56,000 to $71,000. The cryptocurrency failed to maintain values over the crucial $70,000 threshold, even with the efforts of purchasers. August is also not helping $BTC , as historical data indicates that since 2013, the average growth has only been 2.24%. The price of $BTC is oscillating back and forth, with neither bulls nor bears able to seize a decisive lead. For Bitcoin, the $70,000 threshold has shown to be a major obstacle. The price movement of cryptocurrencies is indicating an unstable state of affairs. The unusually poor performance of August is making things more difficult for BTC. The buyers and sellers are still engaged in a tug-of-war.

#Bitcoin❗ #Binance #aqeelmalik302

#BTC ALERT...UPDATE....

The 0.25% interest rate drop by the Bank of England to 5% could lead to a possible spike in Bitcoin prices. This action brings an end to a protracted period of high interest rates, which were fueled by a notable decline in inflation during the previous year, from 8% to 2%. The first rate reduction in more than four years may help the price of $BTC , which has been stuck in a range below $64,000. The US Federal Reserve's August decision to keep interest rates unchanged, however, has restrained the price movement of $BTC . The price of $BTC might get fresh traction and liquidity in September if the US cuts interest rates. Powell, the chair of the Federal Reserve, underlined that solid economic statistics are necessary before relaxing lending requirements. In the absence of encouraging statistics on the labor market and inflation, a September rate cut is unlikely.

#BTC #btcboom #aqeelmalik302