Matrixport Federal Reserve May Initiate Rate Cuts in September or December Easing Selling Pressure on Bitcoin Temporarily

Matrixport’s latest weekly report suggests that the Federal Reserve may initiate a rate cut cycle in September or December at the upcoming FOMC meeting. Although the positive effects expected from the rate cut may be difficult to materialize this year, it has kept Bitcoin’s volatility at a relatively low level. Despite the severe market corrections during the previous bull run, Bitcoin has not experienced a significant fluctuation of 20% in the past 30 days, as the Federal Reserve has successfully avoided further declines in Bitcoin through effective communication