Bitcoin jumped after the dovish FOMC minutes for the July meeting revealed that a vast majority of officials support rate cuts in September.
The FOMC minutes for the July 30-31 meeting revealed that a vast majority of Fed officials agreed to an interest rate cut in September.The Federal Open Market Committee released its highly-anticipated minutes for the July 30-31 meeting.
Such macroeconomic data tends to stir price moves across the crypto market. Most top ten coins by market capitalization saw small bouts of volatility, withof the July 30-31 meeting, most Fed officials are supporting an interest rate cut in September. Some members were also willing to support a 25 basis point cut during the July meeting.“The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.
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