Interest Rate Cut Could Make Bitcoin Plummet, Analysts Warn

A much-anticipated interest rate cut by the United States Federal Reserve may not be the boon for Bitcoin many expect, according to analysts. Contrary to popular belief, such a move could drive Bitcoin’s price significantly lower, potentially to its lowest since February. Analysts from Bitfinex have voiced concerns, stating, “If we were to speculate, we would caution to expect a 15-20 percent decline when rates are cut this month, with a bottom of $40-50k for BTC.” They highlighted that September traditionally brings volatility to Bitcoin’s value, and with the upcoming Fed decision, this could intensify market fluctuations. The note from