Bitcoin Price Remains Stable Amidst Anticipated Interest Rate Decision

Bitcoin’s price remains relatively stagnant around $110,000 as the US Federal Reserve prepares to announce its interest rate decision on September 17th. The anticipation of this significant event has led to a slight increase of 0.44% in Bitcoin’s value over the past 24 hours, settling at $111,074 according to CoinMarketCap data. Last week’s disappointing US Non-Farm Payroll data fueled speculation that the Fed might opt for a rate cut in September.