September Fed Rate Cut Odds Plunge to 43% — Is Bitcoin’s Next Bull Run on Shaky Ground or Ready to Explode?
Key Takeaways
Fed’s rate cuts expectation for September dropped by 20% as traders repriced their previous bullish outlook. Will the high unrealized profit slow the BTC bull run?
Bitcoin [BTC] briefly dropped to $115.7K following Fed chair Jerome Powell’s hawkish tone after holding interest rates steady on the 30th of July.
While the decision was expected, his cautious outlook and a ‘wait and see’ approach for a September triggered a further risk-off move. Powell cited inflation risk from tariffs and noted,
Post Comment