“September is a historically negative month for Bitcoin, as data shows it has an average value depletion rate of 6.56%,” Innokenty Isers, founder of crypto exchange Paybis, said in a Monday email. “Should the Feds cut the interest rate in September, it might help Bitcoin re-write its negative history as rate cuts generally lead to excessive US dollar flow in the economy – further strengthening the outlook of bitcoin as a store of value.”
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Shaurya Malwa
https://www.coindesk.com/markets/2024/09/02/bitcoin-drops-toward-575k-extends-weekly-loss-to-10-at-start-of-seasonally-bearish-september/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-09-02 08:21:36
