News Explorer — Bitcoin's Price Up as Federal Reserve Minutes Hint at a Possible Rate Cut

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Aug 21, 7:00 pm

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Bitcoin's Price Up as Federal Reserve Minutes Hint at a Possible Rate Cut

Bitcoin's price has risen following the release of the U.S. Federal Reserve's minutes from its July meeting, which indicated a potential interest rate cut in September. The minutes revealed that officials agreed to cut rates depending on economic data. Market watchers are now awaiting Jerome Powell's speech at the Jackson Hole Monetary Policy Symposium for more information on the timing of the cuts.

Bitcoin's price has risen following the release of the U.S. Federal Reserve's minutes from its July meeting, which indicated a potential interest rate cut in September. The minutes revealed that officials agreed to cut rates depending on economic data. Market watchers are now awaiting Jerome Powell's speech at the Jackson Hole Monetary Policy Symposium for more information on the timing of the cuts.

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