The Bitcoin (BTC) price is in a downtrend, although it is making an upward correction as it continues to recover.

Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week.

The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 11, 2024.

With the Bitcoin price struggling to stay afloat in Q3 2024, activity has declined as well, reaching lows not seen in years.

Bitcoin's volatility highlights the broader economic uncertainty and potential shifts in monetary policy as inflation data influences market expect

September could be another difficult month for the miners as bitcoin remains below $60K and the network hashrate continues to rise, the report said