The FED begins the rate cutting cycle next week, that is good for bitcoin
Bitcoin has historically done very well in rate cutting cycles
When rates go down money often chases riskier assets.
That has been good news for bitcoin and crypto in the past.
Here's the most recent example:
(source: https://x.com/rovercrc/status/1833957182489895357/photo/1)
It will be interesting to see how long it takes for rate cuts to start pushing up crypto prices.