Analysis: The size of the U.S. money market fund has reached $6.2 trillion, and Bitcoin is also expected to achieve a price breakthrough

ChainCatcher message, according to Cointelegraph, analysis by Kobeissi Letter indicates that driven by expectations of an upcoming interest rate cut, U.S. money market funds have reached a historic high of $6.2 trillion. Bitcoin may also see a record price increase, largely fueled by institutional investors as they anticipate the Federal Reserve will cut rates and adjust their portfolios… the era of high interest rates is coming to an end.

Investors increasingly expect the Federal Reserve to cut rates at the meeting on September 18. According to the latest data from the Chicago Mercantile Exchange FedWatch tool, the current probability of a 25 basis point cut is 65.5%, while the probability of a 50 basis point cut is 34.5%.

Meanwhile, analyst Titan of Crypto states that the expectations of a rate cut could drive Bitcoin's price above $68,000.