3 Big Reasons September Could Spark a Bitcoin (BTC) Rally

TL;DR Bitcoin (BTC) is trading below $110,000, but several elements suggest the asset may experience a substantial resurgence in the following ￰0￱ the positive signals, September has historically been a weak month for the ￰1￱ Gains This Month? The primary cryptocurrency exploded to a new all-time high in mid-August, surpassing $124,000. Since then, though, it has struggled to maintain its momentum and now trades $15,000 lower. However, investors and crypto enthusiasts have not lost hope that the bull run is over, with all eyes now fixed on ￰2￱ important event that could act as a major catalyst this month is the potential lowering of the interest rates in the United ￰3￱ than two weeks ago, Jerome Powell, Chairman of the Federal Reserve, hinted at his speech in Jackson Hole that the benchmark might indeed be decreased before the end of the ￰4￱ move (if implemented) will make money-borrowing cheaper and is likely to increase the interest in risk-on assets (such as BTC).

Currently, the rates are in the range of 4.25% – 4.5% and the last time they were lowered was in December ￰5￱ Fed’s next FOMC meeting is scheduled for September, and according to Polymarket, there is an 83% probability that the percentage will be decreased by 0.25%. The odds of a more drastic drop by half a percent are a mere 3.6%, while “no change” is estimated at 13%. Fed Decision in September,) Rally appeared first on CryptoPotato .