Base

Traders are grappling with how to optimize their strategies for a potential Bitcoin price increase while also fearing forced liquidations due to unexpected price swings. Part of the market is already pricing in a 0.50% interest rate cut, making it difficult to predict how markets will react on Sept. 18, despite the potential bullish catalyst.

The price action suggests that positive macroeconomic trends for risk markets have been overshadowed by growing concerns within the cryptocurrency sector. Some argue that Democrat nominee Kamala Harris's lack of commitment to support the industry has contributed to Bitcoin’s subdued performance.

Gemini exchange co-founder Tyler Winklevoss contended that “Operation Choke Point 2.0 remains in full swing” and that “the Harris crypto ‘reset’ is a scam.”