#Bitcoin Surges After Fed Minutes Reveal Rate Cut Push


$BTC climbed to $114,253 and $ETH reached $4,347 following the release of the Federal Reserve's July meeting minutes. The documents revealed two governors preferred a 25-basis-point rate cut, marking the first dual dissent since 1993.


Fed Governors Christopher Waller and Michelle Bowman argued that inflation was approaching the 2% target when excluding tariff effects. Both officials have signaled support for earlier rate cuts, which would likely boost crypto markets by freeing investment capital.


The minutes showed dissenting governors couldn't convince other FOMC members to support an immediate rate reduction. Governor Bowman cited inflation moving closer to targets and a labor market showing "less dynamism" as justification for her position.


President Trump has maintained pressure on the Fed to lower rates, including threats against Chair Jerome Powell. The crypto market will closely watch Powell's Jackson Hole speech Friday for additional #monetary policy signals.

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August 21, 2025 at 3:17 AM
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