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Bitcoin has held steady near the $110,000 mark, as investors await the Federal Reserve’s decision on interest rates in September. The market is divided on whether a rate cut will fuel further gains or simply reflect deeper economic stress.
While Standard Chartered initially forecasted a 25-basis-point reduction, they now expect a more significant 50-basis-point rate cut following weak U.S. jobs data. This shift in expectations has led to increased uncertainty and market volatility.
A rate cut alone may not be sufficient to push Bitcoin beyond $120K, as institutional profit-taking and weak ETF flows continue to restrain momentum.
Source: cryptotale.org
