Bitcoin in Q3: Does the Fed’s rate stance signal trouble for BTC?

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Market analyst project Q3 headwinds for Bitcoin amidst potential liquidity crunch as Fed postponed quantitative easing to later in 2024.

BTC dropped to $67K after the Fed’s decision and threatened to post more losses.struggled to hold above $67K after the Fed decided to maintain the current 5.25% to 5.5% interest rate for the seventh time.

Further casting doubt on BTC prospects in summer, Thompson stated that the king coin has failed to gather enough strength to break above its all-time high.

 

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