“Bitcoin Also Crossed Back Above $ 120,000, But Is Underforming Much of the Rest of the Cryptocurrency Sector.”, – WRITE: www.coindesk.com
“The Real Thing Now Think About Is Should We Get A 50 Basis-Point Rate Cut Cut in September,” Bessent Told Fox News. Bessent Aded that Fed Could Have Cuts in June If It Had Been Given Accurate Data, WHICH HE DESCRIBED AS A “FUNDATIONAL ISUE” at the Central Bank.
Markets Had Already About Fully Priced in A 25 Basis Point Move in September, But The Idea of 50 Basis Points Appeared to Juice Things Further.
To be Sure, Bessent Is Treasury Secretary and Not A Member of the Federal Reserve, Let Alone Its Chairman. Bessent, However, Has Been Tasked by President Trump with Selecting A Replacement for Fed Chair Powell, SO HIS WORDS Surely Carry Some Weight.
ALREADY HIGher On the Day, Ether Jumped Further, now Highher by Nearly 9% Over The Past 24 Hours and Above $ 4.600 for The FIRST TIME SINCE NOVEMBER 2021.
Other Moves Include Cardano
Solana
and Litecoin
Each Ahead About 8% Over The Past 24 Hours, While Xrp
is up 3.5%.
Bitcoin
Bulls Stayed On the Sidelines Durying Today’s Rally, WHICH ALSO LIFTED EQUITY Markets by More than 1%. The Cryptocurrency is Trading At $ 120,000, Little Changed Over The Past 24 Hours. The Dollar Weaned Against All Major Currencies.
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The Betf Fund, Custodied by Bitgo, Will Give Investors in Central Asia Regulated, Physically Backed Access to Bitcoin Through The Astana International Exchange.
- Betf is the First Spot Bitcoin etf in Central Asia and Is Listed on the Astana International Exchange Under the Ticker Betf.
- The ETF Starts Trading Aug. 13.
- Each Share of Betf is Physically Backed by Bitcoin, with Custody Provides by Bitgo Trust and Insured for Up to $ 250 Million.
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