News Digest from Revenuebot 💰

BTC is trading at $114,381

ETH is trading at $3,664

🔹BTC Dominance — 60.76%

🔹Market Capitalization — $3.74 trillion

🌀 Fear and Greed Index - 55

Interesting news:

✔️ San Francisco Fed President Daly, who is considered Trump's person at the Fed, told Reuters that the time for lowering rates is approaching.

Here are her comments:

The decision not to lower the rate in July was correct, but delaying further is becoming increasingly difficult. Each meeting is now seen as an opportunity to reassess policy.

Two rate cuts this year still seem reasonable — it's important that they happen at all, not so much when.

If inflation rises or the labor market strengthens — there may be fewer cuts. But if the market continues to weaken, more may be needed.

❗️ Against this backdrop, the probability of a rate cut in September has risen to 92%, which triggered a rally in the crypto market.

✔️ Trump's crypto advisor and founder of Bitcoin Magazine David Bailey plans to launch a political action committee (PAC) with a budget of $200 million to promote Bitcoin in the U.S.