Analyst: Increased Uncertainty in Federal Reserve Policy May Lead to Further Decline in Bitcoin Price

ChainCatcher reported that ActivTrades analyst Carolane De Palmas stated that bitcoin's recent price movements are increasingly dependent on the prospect of Federal Reserve interest rate cuts, and the market remains fragile. Due to the potential U.S. government shutdown and the possibility that various data for October may not be released, the Federal Reserve may have to make policy decisions with limited data. This information gap weakens market liquidity expectations and puts pressure on speculative assets, which in turn leads to a further decline in bitcoin prices.