Bitcoin (BTC) is currently trading at around USD 68,200–USD 68,300, equivalent to Rp1.21–Rp1.22 billion per BTC. Crypto asset market prices move in real time and can change rapidly depending on the volatility of global transactions.$BTC

$BTC let’s see if you can open the narrowing Bollinger Bands upward, Mr. RlVER 🤔

FOMC minutes were more hawkish than expected. Key points: 1. The hawkish camp was absolutely not limited to those 3 dissenting votes. The minutes were very clear: **“several” officials were already prepared to support a rate hike at the time, while “many” officials believed that if inflation did not continue to decline, further policy tightening would still be needed.** Therefore, Hammack, Kashkari, and Logan were merely the 3 people who ultimately voted against the decision; this does not mean only 3 people were concerned that rates were too low. 2. Inflation was overwhelmingly the core issue, and there was no clear rate-cut camp. Those supporting a rate hike believed price pressures had become fairly broad-based. If policy was not tightened now, the Fed might be forced to make up for it later with faster and more painful consecutive hikes. Reuters also specifically pointed out that there was no discussion supporting rate cuts anywhere in the minutes. This was clearly hawkish. 3. But this was the “July 29 hawkish Fed,” not today’s Fed. At the July meeting, officials still believed the economy was expanding at a solid pace and that employment was broadly balanced. However, after the meeting, US July nonfarm payrolls showed a decline of 23k, retail sales fell 0.6%, and CPI was also softer than before. In other words, the minutes revealed the Fed’s genuinely hawkish underlying stance, but new economic data have weakened the need for an immediate rate hike. 4. There is still a significant gap between the market and the Fed. The latest interest-rate pricing before and after the minutes was still approximately 66% for no hike and 34% for a 25-basis-point hike. What the minutes revealed was that “many believe rates will still need to rise if inflation does not decline.” So the market is currently betting on waiting for now in September, while the Fed’s internal thinking looks more like a pause does not mean the end of the rate-hike cycle. How to understand this for the US dollar, Treasuries, and BTC The minutes themselves are marginally bearish for risk assets: in theory, they should support the US dollar and short-term US Treasury yields while putting some pressure on BTC. But there is another bigger factor tonight—the US Treasury’s expansion of long-term Treasury buybacks has already pushed the 30-year yield noticeably lower, while the dollar has also fallen to a recent low. So for now, the market is not trading solely around the FOMC minutes. BTC is still at approximately $68,160, up about 5.45% intraday, with an intraday high of approximately $68,849. In other words, Crypto’s own short squeeze and regulatory tailwinds are currently clearly outweighing these hawkish minutes.$BTC #FOMC‬⁩ #FOMC会议