Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts

Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report.CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

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  • bitcoinBitcoin(BTC)$118,000.003.96%
  • ethereumEthereum(ETH)$3,004.526.54%
  • rippleXRP(XRP)$2.8413.26%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$694.112.57%
  • solanaSolana(SOL)$164.342.84%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.21087712.80%
  • tronTRON(TRX)$0.3012973.47%
  • staked-etherLido Staked Ether(STETH)$3,005.026.65%
  • bitcoinBitcoin(BTC)$118,000.003.96%
  • ethereumEthereum(ETH)$3,004.526.54%
  • rippleXRP(XRP)$2.8413.26%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$694.112.57%
  • solanaSolana(SOL)$164.342.84%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.21087712.80%
  • tronTRON(TRX)$0.3012973.47%
  • staked-etherLido Staked Ether(STETH)$3,005.026.65%