Bitcoin (BTC) News: Analyzing Price Performance in Light of US Rate Cut Speculation
Bitcoin (BTC) Price Analysis Amid US Rate Cut Speculation
Bitcoin (BTC) and the broader crypto markets are facing challenging conditions, historically worsened by September's tendencies. In a recent report, Kaiko researchers explored how potential US rate cuts could influence Bitcoin prices. The four charts presented illustrate what to anticipate from BTC in the upcoming weeks.
Monthly Change in Bitcoin Price in September
As reported by BeInCrypto, the third quarter has a history of being tough for Bitcoin and the greater crypto market, where September often delivers the lowest returns. Kaiko emphasizes that Bitcoin has faced declines in seven out of the last twelve Septembers.
- In 2024, this trend persists, with Bitcoin down 7.5% in August and 6.3% in September thus far.
- Currently, Bitcoin trades over 20% below its recent all-time high of nearly $73,500, which occurred more than five months ago.
Potential Recovery from US Rate Cuts
However, according to Kaiko Research, upcoming US rate cuts may serve as a catalyst for boosting risk assets like Bitcoin. This sentiment is echoed by Bitget Wallet COO Alvin Kan, who shares optimism about BTC's recovery.
Conclusion: What Lies Ahead for Bitcoin
With key economic events on the horizon, Bitcoin investors are advised to remain vigilant, observing how these factors could evolve and potentially reshape BTC's price landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.