As global economic uncertainty looms, Bitcoin (BTC) has experienced increased volatility and is struggling to maintain its footing above critical resistance levels lost over the past month. The largest cryptocurrency on the market remains in a precarious position, but emerging signs could bode well for the BTC price and the broader crypto ecosystem. Fed’s Rate Cuts Signal Hope For Bitcoin Price Recovery One promising development is the possibility of further interest rate cuts by the US Federal Reserve (Fed) later this year. According to market expert Walter Bloomberg, Goldman Sachs Asset Management anticipates that the Fed will implement a series of three consecutive 25-basis point rate cuts in September, November, and December. Gurpreet Garewal, a macro strategist at Goldman Sachs, noted in a recent report that a weak labor market, as indicated in the upcoming August jobs report, could even prompt the Fed to adopt a more aggressive approach, potentially starting with a 50-basis point cut. Related Reading: Bitcoin Forecast: Expert Reveals 4 Reasons To Be Bullish On Q4 Currently, money markets are pricing in a t ..
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