And there iti s, the DXY support Group Keeps rates unchanged
September is almost looking like a certain point of change now.
This chart is of all rate changes since 2021 and the Key moments.
The take away from this is simply that the changes had NO effect on Bitcoin
It has always retreated that 9-% after an ATH
But DID make changes was the effect on other companies.
And the LUNA and FTX collapse did take away confidence for a little while but that returned very quickly in 2023 and has continued through 2024
And it is not over yet.
Will be very interesting to see what happens in September, because Rate cuts have historically seen Markets FALL but higher risk assets may win..
Time will tell
September is almost looking like a certain point of change now.
This chart is of all rate changes since 2021 and the Key moments.
The take away from this is simply that the changes had NO effect on Bitcoin
It has always retreated that 9-% after an ATH
But DID make changes was the effect on other companies.
And the LUNA and FTX collapse did take away confidence for a little while but that returned very quickly in 2023 and has continued through 2024
And it is not over yet.
Will be very interesting to see what happens in September, because Rate cuts have historically seen Markets FALL but higher risk assets may win..
Time will tell
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