#Binance
WARNING: Headwinds of bitcoin ($BTC )!📝📄📈😎
Although the current price of the cryptocurrency is a sign of optimism for the sector as a whole, there is a sense of 'cautious optimism' in the air. This is due to the downgrade of the US rating by Moody's because of the increase in federal debt and persistent deficits, leaving the future outlook uncertain.
It is also worth remembering that trade tariffs against China were suspended for some time, and if new agreements are not reached, the rates may return to the elevated level of 145%.
Furthermore, there are currently agreements only with China and the United Kingdom, while other nations are still trying to ease the trade war with the US.
Finally, the prospect of interest rate cuts in the United States remains uncertain, despite market operators estimating the first rate reduction in September of this year.
However, the President of the Federal Reserve (Fed, the Central Bank of the United States) stated that the monetary authority is monitoring various economic indicators before deciding on a rate cut. #BTC #ETH #Fred #Cirino
