Esther George Opposes Rate Cut, Bitcoin Sees Institutional Inflows Surge

Kansas City Fed President Esther George dissented against the recent Federal Reserve rate cut, citing inflationary concerns and potential pressure on investment growth. This dissent underscores internal debate regarding inflation risks, impacting crypto markets as institutional inflows shift toward Bitcoin amidst changing monetary policy signals. 2019’s Fed rate cuts also saw significant crypto surges, mirroring this year’s pattern. According to CoinMarketCap, Bitcoin is currently trading at $109,620.32, with a market cap of $2.19 trillion, showcasing strong institutional interest following Fed policy decisions.