{"id":16670,"date":"2024-09-04T13:32:02","date_gmt":"2024-09-04T10:32:02","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfinex-predicts-bitcoin-could-fall-to-40000\/"},"modified":"2024-09-04T13:32:02","modified_gmt":"2024-09-04T10:32:02","slug":"bitfinex-predicts-bitcoin-could-fall-to-40000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfinex-predicts-bitcoin-could-fall-to-40000\/","title":{"rendered":"Bitfinex Predicts Bitcoin Could Fall to $40,000"},"content":{"rendered":"<p>The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by <a href=\"https:\/\/www.coindesk.com\/markets\/2024\/09\/03\/bitcoin-could-drop-20-after-fed-rate-cuts-in-bearish-case-but-weak-september-presents-buying-opportunity-analysts\/\">CoinDesk<\/a>.<\/p>\n<p>Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5\u20138% surge, followed by increased concerns about an economic downturn, potentially triggering a deeper correction in risk assets.<\/p>\n<p>Bitcoin could drop by 15\u201320% after the Fed meeting if the decision is accompanied by signs of a recession. This could result in prices falling to the $40,000\u201350,000 range, analysts noted.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cSuch a scenario would mirror past situations where aggressive rate cuts initially led to asset price increases, followed by a focus on economic uncertainty,\u201d<\/em> the report stated.<\/p>\n<\/blockquote>\n<p>K33 highlighted that the current month presents an attractive opportunity to purchase digital gold due to the seasonally strong year-end.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBuying the dip in September to build a position for the fourth quarter has historically been the best spot strategy,\u201d<\/em> specialists indicated.<\/p>\n<\/blockquote>\n<p>According to analysts, the pressure from large sales by various governments and Mt.Gox has mostly subsided. By the end of the year, approximately $14.5 billion will be redistributed among FTX creditors<a href=\"https:\/\/forklog.com\/en\/news\/ftx-creditors-endorse-reorganization-plan\">,<\/a> some of which may enter the cryptocurrency market.<\/p>\n<p>Earlier, QCP Capital suggested buying digital gold during corrections in September and taking profits in October or towards the end of the year, considering its seasonality.<\/p>\n<p>Former BitMEX CEO Arthur Hayes previously attributed Bitcoin&#8217;s decline to a liquidity shortage.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by CoinDesk. Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5\u20138% surge, followed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[95,1146,1249,1167,1224],"class_list":["post-16670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitfinex","tag-cryptocurrency-market-forecasts","tag-federal-reserve-system","tag-k33","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"3","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16670"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16669"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}