“September is a traditionally detrimental month for Bitcoin, as knowledge reveals it has a median worth depletion fee of 6.56%,” Innokenty Isers, founding father of crypto trade Paybis, stated in a Monday electronic mail. “Ought to the Feds reduce the rate of interest in September, it would assist Bitcoin re-write its detrimental historical past as fee cuts typically result in extreme US greenback move within the financial system – additional strengthening the outlook of bitcoin as a retailer of worth.”
