Bitcoin Could Drop Below $55,000 Ahead of Interest Rate Cut

Bitcoin (BTC) is facing potential downward pressure ahead of the upcoming United States Federal Reserve interest rate decision on Sept. 18, after slipping below the crucial $60,000 support level. The pending decision may lead to heightened price volatility for the pioneer cryptocurrency, depending on the outcome. Bitfinex analysts shared with Cointelegraph: “Depending on whether the rate cut is 25 basis points or 50 basis points, market behavior could swing between bullish optimism and cautious de-risking in response to major macroeconomic adjustments. This expected volatility might be reflected in flows across ETFs and perpetual markets, which are likely to exhibit increased