The rise in the price of #BTC is not due to interest rate cuts. It is due to Bitcoin ETF fund inflows. There have been high fund inflows, and I expect them to realize their profits and sell, leading to a decrease. Whenever the Fed cuts interest rates, BTC always dumps first and then rises. Therefore, I expect a decrease followed by an increase.

BTC0,22%
KAR0,54%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)