Analyst: If the Federal Reserve cuts interest rates by 25 basis points, Bitcoin may slowly resume its upward trend

ChainCatcher news, according to CoinDesk, Bitcoin (BTC) still lacks a clear direction, oscillating repeatedly within the range of $114,000 to $117,000, continuing its sluggish trend.

Analysts say that if the Federal Reserve cuts interest rates by 25 basis points, it may allow Bitcoin to slowly regain an upward trend; however, if an unexpected cut of 50 basis points occurs, U.S. stocks, cryptocurrencies, and gold may all experience a frenzy.