Reported about 1 month ago
In a recent discussion on Yahoo Finance, CoinDesk Indices managing director Andy Baehr shared his perspective on the current state of Bitcoin, noting the cryptocurrency has been struggling below $57,000 following a challenging summer. Despite historical trends showing September as a tough month for markets, Baehr believes the macroeconomic conditions, including potential Federal Reserve rate cuts, present a 'perfect' environment for Bitcoin's potential recovery. He emphasizes the importance of Bitcoin's performance in driving the broader crypto market and encourages long-term investors to maintain their confidence.
Source: YAHOO