Recently, Jerome Powell, the chair of the Federal Reserve of the United States of America, hinted that interest rates would be cut in September. This anticipated move is expected to cause significant movements in the cryptocurrency market.
Currently, the price of Bitcoin stands at $63,051.88. These potential rate cuts might ignite a Bitcoin bull run, leading to heightened interest and investment in BTC.
Over the last 30 days, Bitcoin has experienced notable fluctuations, and the Federal Reserve's actions in September could further influence its price trajectory in the coming months.