BTCUSD entered September trading calm and collected. Amidst the calm before the Storm, it is time to say goodbye to the quiet summer trading, because the algos and financial brothers are coming back.
September will bring a flurry of events: among the scheduled reports are the usual ones, NFP, which will be released this Friday. Inflation data will be released on Sept. 11. But the biggest significance for BTC, which is increasingly tied to interest rates, will be the U.S. Federal Reserve’s rate decision.
On Sept. 18, the Fed is expected to cut interest rates for the first time since 2020. The question on everyone’s mind is whether it will be a 25bp or 50bp cut. BTC is likely to react sharply to the Fed’s decision, which will be complemented by Jay Powell’s speech