Analyst: If the Fed Cuts Rates by 25 Basis Points, Bitcoin Could Resume Slow Uptrend

BlockBeats News, September 16th, according to CoinDesk, Bitcoin (BTC) still lacks a clear direction, oscillating repeatedly between $114,000 and $117,000, continuing its downtrend.

Analysts state that if the Federal Reserve cuts interest rates by 25 basis points, it may allow Bitcoin to slowly resume its upward trend; however, if an unexpected 50 basis point cut occurs, the stock market, cryptocurrency, and gold may all experience a frenzy.