12:16 - 4.09.2024

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September 4, Fineko/abc.az. The expectations of the U.S. Federal Reserve System (FRS) on lowering interest rates may also affect the price of bitcoin.

ABC.AZ informs that the price of bitcoin has fallen by 4.02% in the last 24 hours to $56,702. The market value of another major cryptocurrency, Ethereum, decreased by 5.50% to $ 2,378.

According to analysts, the expected reduction in interest rates in September could lead to a 15-20 percent drop in bitcoin. Analysts note the probability that bitcoin may be in the range of $40,000-50,000.

Bitcoin is sold at $57,754 at the time of publication of this news and has fallen by 2.67% over the past seven days. If the price drops by another 20%, bitcoin could drop to $46,000. This level was last recorded in February.