Reserve Dollar

Rally

Jerome Powell

Bitcoin

Reserve

The post <a href="https://coinpedia.org/news/september-6-or-16-one-of-these-dates-could-spark-a-major-market-surge-including-a-big-bitcoin-rally/" rel="noopener noreferrer nofollow">September 6 or 16? One of These Dates Could Spark a Major Market Surge, Including a Big Bitcoin Rally</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The host of the channel <a href="https://www.youtube.com/watch?v=MezxXJWAo_o" rel="noopener noreferrer nofollow">The House of Crypto</a> said that he knows exactly why the crypto market has started to rise in the last 24 hours. He opened up about two important dates coming up in the next few weeks that could lead to price increases across the cryptocurrency market.&nbsp;
Discussing the M2 money supply, he said that as the global money supply increases, it pushes up the price of Bitcoin. Various factors are contributing to this increase in the money supply, and it’s not just the upcoming interest rate changes that everyone is talking about.
The host then opened up about an event on September 16th that many people believe will trigger a big market pump. However, the host disagrees and points to an earlier event on September 6th as the real catalyst. On this date, the U.S. non-farm payroll announcement will be made.&nbsp;
Recently, Federal Reserve Chairman Jerome Powell hinted that it’s time for rate cuts, and since then, the market has started to rise. The U.S. dollar index (DXY) dropped significantly, indicating a weaker dollar, which creates a better investment environment. As interest rates are expected to drop, people will likely move money out of the U.S. dollar and into other currencies, boosting the money supply and extending the bull market for at least another year to a year and a half.
He also discusses an important event coming up: a debate that is likely to cause major fluctuations in the price of Bitcoin. This debate, which happens in the middle of September, is expected to be the second big catalyst for the crypto market.&nbsp;
The host points out that everything seems to be coming together perfectly—the money supply, potential fee cuts, and the possibility of a pro-crypto government in the US. All of these factors are making the market look very positive.

September 6 or 16? One of These Dates Could Spark a Major Market Surge, Including a Big Bitcoin Rally

CoinPedia News

Other articles published on Aug 27, 2024

LBank and CRYN Coin Illuminate Dubai with “Blockchain Revolution Night: The Digitalization of Phi...

Polygon Prepares for POL Upgrade with Major MATIC Transfers

Fractal Bitcoin Gears Up for Mainnet Launch Reveals PizzaSwap DEX

Dogecoin Community on Alert: Fake Dogecoin Airdrop Scam Targets Users

Polygon’s MATIC to POL Token Migration on September 4: Everything You Need to Know

XRP Unleashed Documentary Set for November Release on Major Platforms

Join our free newsletter for daily crypto updates!