Bitcoin experiences decrease in price and market challenges

The use of leveraged trades by traders in the crypto market has been leading to increased liquidations. However, amidst all this, there are still positive developments that could potentially boost the value of Bitcoin. The Federal Reserve in the United States is set to hold a meeting in two days where they may announce a cut in interest rates. Last week, other central banks in the G7, such as the Bank of Canada and the European Central Bank (ECB), also announced interest rate cuts.