$BTCUSD Forex Signal: BTC Extremely Subdued Ahead of Merge BITCOIN
This price action was also in line with the performance of American stocks as the Dow Jones and Nasdaq 100 indices dropped for the second straight day.The BTC/USD price continued falling as investors readjusted their estimate for the upcoming Federal Reserve actions. Data published on Tuesday showed that US inflation remained at an uncomfortably elevated level in August.
Therefore, analysts believe that the Fed will continue with its hiking policies when it meets next week. The bank will likely hike interest rates by 0.75%, bringing the total year-to-date increase to 300 basis points.
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