Bank of Korea Rate Cut Speculation Fuels Bitcoin’s Rise

Quick Summary:

Governor Rhee Chang Yong stated in a discussion that upcoming events like the United States Federal Reserve’s policy decision, Bank of Japan Governor Ueda’s testimony to Parliament, and the release of US labor data could cause significant market volatility.

The Bank of Korea (BoK) is possibly considering rate cuts, according to reports.

The report suggests […]

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: IndiaJapanUnited States

Topics: News BTC Market Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 06:52:00 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 160 words

Reading Time: 1 minutes read

Sentences: 42 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22204937

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Main Topics: Crypto

Official Website: coinedition.com

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News Last Updated: 8 hours ago

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