Paybis Founder: If the Federal Reserve cuts interest rates, it may rewrite Bitcoin's history of poor performance in September over the years
Bitget2024/09/02 13:24
Odaily reports that Innokenty Isers, the founder of cryptocurrency exchange Paybis, said: "September is a negative month in Bitcoin's history, with data showing an average value shrinkage rate of 6.56%. If the Federal Reserve cuts interest rates in September, it could help Bitcoin rewrite its negative history because rate cuts usually lead to excessive dollar circulation in the economy - further strengthening Bitcoin's prospects as a store of value." (Coindesk)
3
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$69,061.3
+0.75%
Ethereum
ETH
$2,002.92
+2.09%
Tether USDt
USDT
$0.9996
-0.00%
XRP
XRP
$1.48
+0.65%
BNB
BNB
$625.25
+1.61%
USDC
USDC
$1.0000
-0.02%
Solana
SOL
$86.93
+0.96%
TRON
TRX
$0.2849
+1.70%
Dogecoin
DOGE
$0.1006
-2.06%
Bitcoin Cash
BCH
$574.33
+2.75%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now