{"id":27564,"date":"2024-08-24T16:30:30","date_gmt":"2024-08-24T13:30:30","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=27564"},"modified":"2024-08-24T09:24:11","modified_gmt":"2024-08-24T06:24:11","slug":"bitcoin-buyer-interest-surges-in-the-us","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-buyer-interest-surges-in-the-us\/","title":{"rendered":"Bitcoin Buyer Interest Surges in the U.S. as Fed Signals Interest Rate Cuts"},"content":{"rendered":"<p>Following signs from the <strong>U.S. Federal Reserve<\/strong> indicating interest rates are probably going to drop, <strong>Bitcoin<\/strong> demand in the United States has peaked in more than a month. Based on the Coinbase Premium Index, which reached 0.0114 \u2014 its highest point since July 15 \u2014 recent statistics from CryptoQuant&#8217;s Julio Moreno reveal that U.S. investor interest in Bitcoin surged on Aug. 24.<\/p>\n<p>A major indication of U.S. investor demand in comparison to elsewhere, the <strong>Coinbase Premium Index<\/strong> gauges the price differential of Bitcoin on Coinbase Pro and Binance. A positive number indicates purchasing pressure; a negative reading can point to a sell-off. Notably, the Coinbase Premium fell below -0.10 before Bitcoin&#8217;s price decline on &#8220;Crypto Black Monday&#8221; on Aug. 5.<\/p>\n<p>Following remarks by Federal Reserve Chair <strong>Jerome Powell<\/strong> at the annual Jackson Hole conference, where he indicated that the cycle of interest rate decreases is approaching although he did not say exactly when they would start, the demand surged. Markets have paid great attention to Powell&#8217;s comments, and his signal of &#8220;appropriate dialing back of policy restraint&#8221; appeared to comfort investors.<\/p>\n<p>Reacting quickly to the news, <strong>Bitcoin<\/strong> rose 5.46% from Aug. 22 to reach $64,000 at the time of publishing. The price moved momentarily to $64,769, a level not seen since Aug. 2.<\/p>\n<p>The market has always seen sub-$60k <strong>Bitcoin<\/strong> as valued for the previous six months, notwithstanding swings, according to crypto expert Will Clemente, therefore highlighting the strength of present buyer desire.<\/p>\n<p><i><span style=\"font-weight: 400;\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our <\/span><\/i><a href=\"https:\/\/t.me\/coinengineernews\"><i><span style=\"font-weight: 400;\">Telegram, <\/span><\/i><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\"><i><span style=\"font-weight: 400;\">YouTube<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">, and <\/span><\/i><a href=\"https:\/\/twitter.com\/coinengineers\"><i><span style=\"font-weight: 400;\">Twitter<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> channels for the latest <\/span><\/i><a href=\"https:\/\/coinengineer.io\/news\/\"><i><span style=\"font-weight: 400;\">news<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> and updates.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following signs from the U.S. Federal Reserve indicating interest rates are probably going to drop, Bitcoin demand in the United States has peaked in more than a month. Based on the Coinbase Premium Index, which reached 0.0114 \u2014 its highest point since July 15 \u2014 recent statistics from CryptoQuant&#8217;s Julio Moreno reveal that U.S. investor<\/p>\n","protected":false},"author":6,"featured_media":17561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,1],"tags":[61,4118,8131],"class_list":["post-27564","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-genel","tag-bitcoin","tag-jerome-powell","tag-u-s-federal-reserve"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Buyer Interest Surges in the U.S. as Fed Signals Interest Rate Cuts - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/bitcoin-buyer-interest-surges-in-the-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Buyer Interest Surges in the U.S. as Fed Signals Interest Rate Cuts - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Following signs from the U.S. Federal Reserve indicating interest rates are probably going to drop, Bitcoin demand in the United States has peaked in more than a month. Based on the Coinbase Premium Index, which reached 0.0114 \u2014 its highest point since July 15 \u2014 recent statistics from CryptoQuant&#8217;s Julio Moreno reveal that U.S. investor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/bitcoin-buyer-interest-surges-in-the-us\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-24T13:30:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-24T06:24:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/04\/fed-and-bitcoin.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"678\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/bitcoin-buyer-interest-surges-in-the-us\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/bitcoin-buyer-interest-surges-in-the-us\/\",\"name\":\"Bitcoin Buyer Interest Surges in the U.S. as Fed Signals Interest Rate Cuts - 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