Reserve Dollar

Jerome Powell

Bitcoin

Optimism

Reserve

The US Federal Reserve announced its highly anticipated interest rate decision yesterday. In line with expectations, the FED kept it constant in the range of 5.25-5.5, which is the peak of the last 23 years.
Speaking after the interest rate decision, FED President Jerome Powell said that a rate cut may be on the table in September, although not directly.
Powell stated that the FED is considering a possible interest rate cut in September and that they will evaluate inflation and economic data in the coming months before making an interest rate cut.
While Powell's speech was generally interpreted as moderate, Powell was careful to speak cautiously as well as this moderate approach. At this point, Powell made circular sentences and said, “Why was there no interest rate cut this month?” “We're getting closer to the point where it would be appropriate to lower our interest rate, but we're not there yet.” he replied.
<h2 id="bitcoin-falls-after-fed">Bitcoin Falls After FED!</h2>
Bitcoin, which tried to reach 70 thousand dollars at the beginning of the week but failed, fell after the FED decision.
BTC, which was at the level of 66 thousand dollars before the FED decision, fell to $ 63,500 at night, despite a moderate approach from Powell regarding interest rate cuts.
It is considered that the tension in the Middle East may be behind this decline. Because the assassination of Hamas leader Haniye in Iran's capital Tehran increased the tension in the Middle East.
<h2 id="optimism-continues-about-bitcoin-price">Optimism Continues About Bitcoin Price!</h2>
With Powell stating that an interest rate cut may be on the table in September, analysts expect the BTC price to react positively to the interest rate cut.
Speaking to Coindesk, Bitfinex Derivatives Head Jag Kooner said that an interest rate cut in September will have a positive impact on BTC and cryptocurrency prices.
<blockquote>
 “An interest rate cut in September will create a bullish sentiment in the markets.
 It can increase liquidity in the market overall, which will be positive for Bitcoin and other cryptocurrencies as investors seek higher returns outside of traditional assets.
 “This could lead to a rise in the price of Bitcoin and an increase in ETF inflows as investors try to take advantage of a more favorable environment for risky assets.”
</blockquote>
Kooner also noted that the effect of negative news affecting prices has begun to decrease, and said that this situation is reassuring for the bulls.
<blockquote>
 “There is a lot of confidence in the market at the moment, especially with even potentially negative news such as the Mt. Gox Distribution, the German Government's sale, and recent significant movements on the Chain not being able to significantly impact the Bitcoin price downwards. Its impact has been limited.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/fed-president-signaled-interest-rate-cut-bitcoin-dropped-bitfinex-analyst-announces-what-he-expects-from-now/" rel="noopener noreferrer nofollow">FED President Signaled Interest Rate Cut, Bitcoin Dropped! Bitfinex Analyst Announces What He Expects From Now!</a>

FED President Signaled Interest Rate Cut, Bitcoin Dropped! Bitfinex Analyst Announces What He Expects From Now!

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