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Bitcoin Regains Its Correlation With the S&P 500 Ahead of FOMC Meet
Is the bull back? The reason for today's BTC rise to $0.06 million is bitcoin.
Affected by the US PPI data and the Federal Reserve's 50 basis point interest rate cut, the price of Bitcoin reached $60,000 today. Institutional BTC purchases also boosted momentum.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
Bitcoin Price Prediction – Here's How a New BTC Golden Cross Can Play Out
9.14 Zhang Lihui: Where is the bullish space after the strong break of the bitcoin? Where is the more suitable opportunity to short the market? Today's reference for bitcoin (BTC).
Change starts with understanding, understanding starts with making connections; walking with Lihui, seeing more possibilities. Listen to different perspectives and accumulate wisdom. Let's explore new perspectives together, solve problems, and broaden our thinking! In 2024, Lihui is willing to guide you to win in the cryptocurrency market!
Coin beauty: On September 14th, Ethereum fluctuated upward, and market activity exploded. What makes you excited? The latest market analysis.
Want to set sail in the market? Liying offers some tips here, navigating with everyone to let the dream boat ride the wind and waves, sailing towards the shore of success!