Saylor makes bold statement capturing Bitcoin price moment
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
A reversal in stocks sent the S&P 500 and Nasdaq Composite to their lowest levels since 2022, impacting cryptocurrencies. Bitcoin fell to a low of $63,479 on Thursday after three consecutive days of losses, before rebounding significantly.revealed that inflation fell marginally from a year ago in June, paving the way for a widely anticipated September interest rate cut, which is seen as bullish for cryptocurrencies.
There is little expectation that the Federal Open Market Committee, which sets interest rates, will make any movements during its policy meeting next Tuesday and Wednesday. However, the market anticipates a rate decrease at the September meeting, which would be the first in years.As inflation reached its greatest level in more than 40 years in mid-2022, the Fed launched a series of aggressive hikes, raising its benchmark borrowing rate to its highest level in almost 23 years.
However, the Fed has remained on hold for the past year while it assesses shifting data that, earlier this year, suggested a comeback in inflation. But it has recently shown a steady cooling, prompting many policymakers to discuss the possibility of at least one cut this year.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Saylor Makes Epic Bitcoin Statement as BTC Price Hits $60,000Bitcoin flew past $60,000 in three-day price rise
Read more »
Michael Saylor Makes Crucial Bitcoin (BTC) AI StatementMicroStrategy's executive chairman has issued bullish Bitcoin AI message to BTC community
Read more »
Michael Saylor Issues Important 'Bitcoin Independence' Message: DetailsMichael Saylor addressed US Bitcoin community with 'Bitcoin Independence' message
Read more »
Michael Saylor Intrigues Community With Simpsons Bullish Bitcoin TweetBitcoin evangelist Michael Saylor has posted a bullish Bitcoin tweet with a Homer Simpson image
Read more »
Michael Saylor Issues 'Bitcoin to the Moon' Tweet as BTC Holds Near $65,000Bitcoin maximalist Saylor issues bullish Bitcoin tweet as BTC strives to regain $65,000
Read more »
Bitcoin Soars to $67,300, Michael Saylor ReactsLeading Bitcoin supporter Saylor issues a bullish statement, while Bitcoin suddenly spikes by 6%
Read more »