Fed's dovish minutes trigger $1.3B rise in Bitcoin open interest

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Bitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21.

Bitcoin futures traders added over a billion to Bitcoin Open Interest (OI) in the hours after the United States Federal Reserve released its July meeting minutes, which some say further confirms a September rate cut.

On Aug. 22, Bitcoin futures OI climbed to $31.92 billion, an increase of $1.26 billion compared to the previous 12 hours. 


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