The interest rate will be announced at 19:00 GMT. It was last updated on March 15, 2020. It was lowered by 1%, which weakened the dollar and gave impetus to all risky assets, including the crypto market. On March 15, 2020, the price of bitcoin was $5397 and by mid-August it had already reached $11850. We have 2 important events ahead of us today, this is the announcement of the rate at 19:00 GMT and the press conference at 19:30GMT. Nothing can happen only if the rate remains the same and nothing new will be said at the press conference. But if the rate remains the same and clear signals to increase rates will be given at the press conference, we will smoothly continue to decline. Raising rates - we will QUICKLY begin to decline. Any reluctance to raise rates will cause growth for the entire crypto market. I'm leaning towards the bearish scenario.
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