Bank of England cuts interest rate for first time in four years
The Bank of England cut interest rates by 0.25% to 5%, ending a period of high rates. This surprise move could boost Bitcoin's price, as easing monetary policy typically benefits risk-on assets. However, BTC remains range-bound below $65,000, likely due to the US Federal Reserve's steady rates. Analysts suggest a potential US rate cut in September could significantly boost Bitcoin's price and increase ETF inflows.
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