Analysts: Increased uncertainty surrounding Federal Reserve policy could lead to further declines in Bitcoin prices.

According to ActivTrades analyst Carolane De Palmas, Bitcoin's recent price movements have become increasingly dependent on the prospect of a Federal Reserve rate cut. The market remains fragile. Due to the US government shutdown and the potential failure to release various data in October, the Federal Reserve may have to formulate policies with limited data. This information gap weakens market liquidity expectations and puts pressure on speculative assets, leading to a further decline in Bitcoin's price.