September Fed rate cuts odds drop to 43% – Will Bitcoin’s bull run hold?

Key Points

1. Fed's rate cut expectations for September dropped to 43%, down 20% from earlier predictions, following Jerome Powell's hawkish tone after holding interest rates steady.

2. Bitcoin briefly dropped to $115.7K after Powell's remarks, but later rebounded 2% to $118.5K, though altcoins did not follow the recovery.

3. Analysts suggest that a Fed pivot to looser financial conditions could boost crypto, but current cautiousness may slow BTC's rally in Q3.

4. BTC's unrealized profit hit a record high of $1.4 trillion, raising concerns about sell pressure, though some analysts believe the rally could continue if quantitative easing resumes.

5. Short-term macro pressure may cap BTC below $120K, but a mid-term Fed pivot could reignite upward momentum.