Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align
Bitcoin surged above $106,000, driven by easing geopolitical tensions and expectations of US Federal Reserve interest rate cuts. A ceasefire announcement between Israel and Iran alleviated market anxiety, contributing to Bitcoin's rebound after a brief dip that triggered over $200 million in liquidations. Analysts indicate an 18.6% chance of a rate cut by July 30, with 79% predicting a reduction by the September FOMC meeting. Lower interest rates typically enhance liquidity and investor sentiment, potentially propelling Bitcoin towards $110,000. Additionally, the Fed's removal of "reputational risk" for crypto firms accessing banking services signals a regulatory shift that could increase institutional participation in the crypto market, further boosting Bitcoin's demand and valuation.
