"September is a historically negative month for bitcoin, as data shows it has an average value depletion rate of 6.56%. Should the Feds cut the interest rate in September, it might help bitcoin rewrite its negative history as rate cuts generally lead to excessive US dollar flow in the economy - further strengthening the outlook of bitcoin as a store of value."
"Bitcoin fluctuated around the $58,000 mark amid a generally sedate market on Labor Day in the U.S. U.S.-listed exchange-traded funds (ETFs) tracking BTC posted total net outflows of $175 million on Friday, extending a losing streak to four days."
"Some traders noted that September is generally one of bitcoin's most bearish months, but said that an interest-rate cut by the Fed could break the trend."
Collection
[
|
...
]