Daily Crypto Report | August 20 In the FOMC meeting minutes, most members supported keeping interest rates unchanged. Three members wanted a 25 basis point increase. 👇 Key highlights: • The Fed indicated that renewed tightening might be necessary if inflation remains high. Rate cut expectations were not supported. • The U.S. Treasury said it could increase long-term Treasury bond buybacks beyond the previously announced level. • As Treasury yields and the dollar declined, demand strengthened for gold and crypto assets. • There were inflows of $517 million into spot Bitcoin ETFs and $189 million into Ethereum ETFs. • The rise in Bitcoin was supported not only by spot ETF demand, but also by the closing of leveraged short positions. • The Fear & Greed Index moved into the “Greed” zone. • Political statements suggesting the U.S. could directly buy $BTC boosted expectations. No confirmed purchase has been found yet.