Bitcoin is approaching another potential liquidity test as US tax payments come due on Tuesday, September 15, according to CryptoSlate. The payments could absorb bank reserves ahead of the Federal Reserve’s upcoming decision, creating a point of focus for crypto-market participants. The potential pressure may be moderated by Treasury spending and tools available to the Federal Reserve, although the source does not specify the size of the impact or its likely effect on Bitcoin’s price. The tax deadline therefore adds a liquidity-related event to the market calendar, with conditions around bank reserves and official-sector operations likely to shape the broader backdrop. The report concerns Bitcoin’s market environment and does not provide a forecast or investment recommendation.
Source
CryptoSlate
This is an original Moneyiar brief based on the cited source.
Read original source ↗
