Bitcoin investors and traders (BTC) and cryptocurrencies are counting on September 17. On that date, the US Federal Reserve (FED) will announce whether or not there are changes in the dollar interest rate.
An interest rate reduction would make the cost of ordering money reducedwhich could translate into a liquidity injection that flows to financial markets. That would be beneficial for the price of BTC and other assets.
Cryptootics has shown a couple of days ago that Expectations are mostly favorable to an interest rate cut.
Betting platform data, Polymarket, as evidenced. As can be seen in the following image, at the time of this publication, 83% of traigators consider that there are possibilities of a rate cut of 25 basic points, and 14% think that this cut would be 50 basic points or more:
Among those who think that the cut would be more than 50 basic points is the User Justwakingup, who is the most prolific operator of Polymarket. He is betting $ 15,000 for his prediction to be fulfilled.
According to Alexandra Likeva, Bloomberg financial specialist, Interest rate cut is almost a fact and will benefit all financial markets They usually have a negative or neutral September for seasonal reasons. «If the past serves as a guide, this month could challenge the usual seasonal weakness since the Federal Reserve authorities seem to be ready to resume the cut of interest rates in their next meeting,» he says.
The truth is that we will have to wait for September 17 to know, finally, what will happen. Whatever the announcement of the president of the FED, Jerome Powell, will be impact for Bitcoin. Meanwhile, some investors are taking market positions so 7 days of high volatility can be expected.