US Fed Rate Cut Could Lead to 20% Drop in Bitcoin Price
$BTC A potential interest rate cut by the US Federal Reserve could cause Bitcoin (BTC) to fall by up to 20%. Analysts predict Bitcoin might drop to $40,000-$50,000 if the Fed cuts rates this month. September has been historically volatile for cryptocurrencies, and this rate cut could increase market swings.
The Fed’s decision is expected on September 18, and if rates are lowered, traditional investments like bonds may become less appealing, leading investors to #cryptocurrencies . Bitcoin is currently trading at $57,754, down 2.67% over the past week. A 20% drop would bring it to around $46,000, a level last seen in February 2024.
