Global central banks’ start to reduce interest rates and especially the USA’s transition to looser monetary policy $65,837It increases the possibility of a historic rise in September. According to Bloomberg data Bitcoin It gained more than 10 percent in value this month. This appreciation enabled the largest cryptocurrency to reverse the average downward trend of 5.9 percent in September of the last decade. The index, which includes small cryptocurrencies, increased by over 20 percent, indicating that more expansionary financial conditions directly stimulate risky assets such as the cryptocurrency market.
Interest Rate Cuts Revitalize the Cryptocurrency Market
Loosening of monetary policies by central banks around the world cryptocurrency marketIt affects positively. In particular, the US Federal Reserve’s (Fed) interest rate cut and the expectation that this trend will continue caused investors to turn to riskier assets. This trend has led to a noticeable rise in small cryptocurrencies as well as Bitcoin.
According to Bloomberg, the increase in Bitcoin’s value in September this year could be one of the largest monthly increases in value recorded since September 2016.
On the other hand, cryptocurrency exchange kraken The report published by shows that if Bitcoin cannot “clearly” exceed the $65,000 level, the market may enter a period of stagnation. Therefore, it will be closely monitored whether Bitcoin exceeds this critical level and remains above it in the coming weeks.
The Market Awaits the Results of the US Elections
In addition to changes in interest policies, the cryptocurrency market US presidential electionsIt also follows the results closely. Many executives in the industry expect cryptocurrency regulations in the US to become clearer following the election results. It is predicted that these regulations may have a positive impact on the market and increase interest in cryptocurrencies.
Regulatory uncertainties, especially in the USA, have increased in recent years. cryptocurrency negatively affected the market. However, reducing post-election uncertainties and introducing clearer regulations may increase investor confidence. This could lead to significant increases in the prices of both Bitcoin and other cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
