Fed Signals Rate Cuts, Boosting Bitcoin and Cryptocurrencies
TL;DR Summary
Bitcoin's share of global money has risen to about 1.7%, driven by central banks' money printing and monetary expansion, with Bitcoin responding positively to signals of upcoming rate cuts by the Federal Reserve, which has contributed to a surge in its price.
- BTC climbed to 1.7% of global money before Fed chair signaled rate cut Cointelegraph
- Powell suggests rate cuts are coming — but not because Trump demanded them CNN
- Fed is 'dovish' again and that's a 'green light' for small caps, Fundstrat's Tom Lee says CNBC
- Fed Chair Jerome Powell signals path to rate cuts in Jackson Hole speech CBS News
- Bitcoin, Ethereum, XRP Jump After Powell’s Fed Speech. How the Fed Is Boosting Cryptos. Barron's
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