On Sunday, September 8, Bitcoin is trading around $54.3 thousand, its price has fallen by about 6% over the week•The market reaction to the publication of US labor market data for August was mixed. Markets realized that the economy is still quite strong, and the Fed may be less inclined to aggressively cut rates.
•This supported the dollar, but negatively affected stock markets and cryptocurrencies.
•The key for all financial markets and sections - the Fed meeting on the rate on September 18 - is getting closer, but you should not expect growth of all risky assets at the moment, on the announcement of the Fed rate cut.
•However, based on historical data during previous periods of US interest rate cuts, a bullish trend may begin in the crypto market starting in October.
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