Federal Reserve’s rate cuts will push Bitcoin down to $40,000

Bitcoin could be heading for a steep fall. If the Federal Reserve goes ahead with a rate cut this month as many expect, Bitfinex analysts suggest Bitcoin’s price might drop by 15-20%, possibly hitting a low near $40,000.  This prediction is based on Bitcoin’s increasing correlation with traditional markets like US equities. Basically, if stocks […] source: https://www.cryptopolitan.com/fed-rate-cut-will-push-bitcoin-down-to-40000/