Analysts Expect Bitcoin to Fall to $40,000 as Fed Rates Approach

Bitfinex analysts expect the price of bitcoin to potentially fall to $50,000 or the mid-$40,000s if the Federal Reserve cuts interest rates this month. “Historical price action for September also aligns with our view of an expected 20% drop in bitcoin prices following a rate cut,” Bitfinex analysts said. Bitfinex predicts Bitcoin (…)