Bitcoin poised for volatility ahead of US interest rate decision: Analysts

The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up.

Bitcoin price threatens more downside pressure ahead of tomorrow’s interest rate decision after losing the key $60,000 support.

Bitcoin (BTC) volatility could introduce more choppy price action ahead of the Federal Reserve’s (Fed) next interest rate decision on Sept. 18.

The incoming interest rate decision could introduce more price volatility for the world’s first cryptocurrency, depending on the monetary decision, according to Bitfinex analysts, who told Cointelegraph:

The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up.
Bitcoin price threatens more downside pressure ahead of tomorrow’s interest rate decision after losing the key $60,000 support.Bitcoin (BTC) volatility could introduce more choppy price action ahead of the Federal Reserve’s (Fed) next interest rate decision on Sept. 18.The incoming interest rate decision could introduce more price volatility for the world’s first cryptocurrency, depending on the monetary decision, according to Bitfinex analysts, who told Cointelegraph:Read more