The critical FED week has begun for Bitcoin and cryptocurrencies, as investors await the FED's interest rate decision. It is expected that the FED will announce its first interest rate cut, although it remains unclear whether it will be by 25 or 50 basis points. Amid this uncertainty, Bitcoin fell by 1.7% in the last 24 hours. Analysts attribute the drop to investors' risk aversion ahead of the FED decision rather than the news of a second assassination attempt against Donald Trump. The decline in price is also seen as a correction after previous gains not seen in stocks. The uncertainty surrounding the rate cut is said to have stalled Bitcoin's upward momentum.
CryptoQuant Founder Ki Young Ju Says Enthusiasm Is Declining in Cryptocurrency Industry! Here's Why!
Former Celsius CEO Mashinsky seeks testimony from six witnesses as he faces 115-year prison sentence
Binance founder CZ to be released from prison on September 29, confirms US Federal Bureau of Prisons