Cryptocurrency investors are closely watching the Federal Reserve's interest rate decision set for tomorrow.
The Fed is anticipated to initiate a cycle of rate cuts, though the extent of the reduction remains uncertain.
While analysts predict a rate cut may lead to a subsequent increase in Bitcoin’s value, a recent assessment from crypto analysis firm Matrixport highlights historical trends.
The firm notes that September has often been a challenging month for Bitcoin, but this year’s declines might set the stage for a stronger performance in the fourth quarter.
Matrixport analysts suggest that Bitcoin’s recent positive momentum could lead to better-than-expected results, especially with a potential rate cut and robust US stock market performance.
They emphasize that October typically brings stronger results for Bitcoin, and the declines in September could present an opportunity for investors to position themselves for potential gains later in the year.
Despite common fears that global crises spell disaster for crypto markets, new data from Binance Research suggests the opposite may be true — at least for Bitcoin.
A new report by crypto analytics firm Alphractal reveals that Bitcoin miners are facing some of the lowest profitability levels in over a decade — yet have shown little sign of capitulation.
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a bold prediction on silver, calling it the “best asymmetric buy” currently available.
Bitcoin’s network hashrate has fallen 3.5% since mid-June, marking the sharpest decline in computing power since July 2024.