Bitcoin Dey Hold $114K as Fed Minutes Dey Warn on Inflation
Bitcoin dey trade near $114,000 after Federal Reserve drop July meeting minutes. The Fed minutes carry small hawkish tone, wey make Bitcoin rise from intra-day low of $112,000. Dem talk say tariff dey cause inflation as company dey pass higher cost to customers. Inflation still dey above 2% target, despite say economy slow down and hiring soft, with unemployment at 4.1%. The minutes also mention possible risk and benefit of payment stablecoins under the GENIUS Act. Even though stablecoins fit boost Treasury demand and payment efficiency, dem fit also pose threat to banks, financial stability, and monetary policy. Two Fed governors no agree, dem favor 25 basis-point rate cut. Futures pricing drop small, with CME FedWatch put 82% chance of September cut, drop from 85%. Traders dey wait for Chair Powell speech for Jackson Hole to get more clue on monetary policy and rate adjustments.
Bearish
Di slight hawkish Fed minutes dem dey talk strong bout tariff-driven inflation and warn on stablecoin risks, e reduce chances say dem go cut rate soon. Bitcoin small recovery to $114K hide di yawa wey dey from slower rate cut expectation and stronger regulatory check on payment tokens. Futures data wey show say di probability for September cut don drop from 85% to 82% mean say market dey cautious. Historically, hawkish Fed guidance dey usually make crypto traders sell short-term, as dem dey risk-off mode. For near term, price volatility likely go rise till Jackson Hole clear policy direction. For longer term, if e confirm say dem go delay easing fit weigh down Bitcoin, but if later dem drop dovish surprise, e go turn bearish sentiment.