Yesterday, the United States lowered interest rates by 50 basis points (0.5%), marking the first such move since 2020. This is significant, as lower interest rates typically drive investors toward higher-yielding, riskier assets like Bitcoin. As expected, Bitcoin’s price saw a positive reaction, though some debate whether this was already factored into the market.
Looking ahead, it’s worth wondering what the coming months will bring. Could we see a new bull run similar to earlier this year, or will the market remain stagnant, fluctuating as it has in recent months?
The upcoming U.S. presidential election will also influence the markets. Although it may not directly affect everyone, the perception is that Donald Trump is more favorable toward Bitcoin and cryptocurrencies, while Kamala Harris is viewed less positively by the crypto community, even if that's not entirely accurate.
With the election slated for November 5th, there’s still time to see how these factors will play out in the market.