Analysis: Even if the Federal Reserve cuts interest rates as scheduled, Bitcoin will still remain sluggish.

The price of Bitcoin is still fluctuating around $110,000, reflecting subdued market sentiment, as it awaits the highly anticipated interest rate decision from the Federal Reserve next week. Vincent Liu, Chief Information Officer at Kronos Research, said that even if the Fed decides to lower interest rates, the price of Bitcoin may still remain depressed. Liu said, "A rate cut may reflect a weak US economy, while persistent inflation and cautious risk sentiment will restrict risk appetite. Without stronger ETF inflows or real liquidity expansion, it will still be difficult to break above $120,000."