Matrixport: Bitcoin Will Temporarily Escape Selling Pressure as Fed Launches Rate Cut Cycle in September or December

On July 5, Matrixport's latest weekly report noted that it is expected that the Federal Reserve may initiate a rate-cutting cycle in September or December at the upcoming FOMC meeting. While the expected benefit of a rate cut may be difficult to realize this year, it has kept Bitcoin's volatility at relatively low levels. That is, even though there was a sharp consolidation in the previous bull market, bitcoin has not experienced a 20% swing in the past 30 days, and the Federal Reserve has managed to avoid further declines in bitcoin through effective communication.