Bitcoin Price Face Potential Crash as Fed Halts Rate Cut Predictions

The U.S. Federal Reserve has ruled out a rate cut in September, citing continued inflation and a resilient labor market. This move is concerning for the cryptocurrency market, which relies on looser monetary policy to fuel growth. Tightening liquidity due to this decision could delay capital flow into risk assets like cryptocurrencies. Historically, crypto thrives during periods of easing monetary policy. Now, traders face months of higher interest rates, potentially impacting both Bitcoin and altcoins.