The depth of the BTC market has increased by 19% since the beginning of the year
Kaiko stated in a post on X that the BTC market depth has increased by 19% since the beginning of the year.
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Ahead of the UK interest rate decision, the central bank governor downplays inflation threat: secondary effects remain "relatively moderate".
With the Bank of England's interest rate decision approaching on September 17, Governor Bailey stated at the Jackson Hole Symposium that the labor market remains persistently weak and that second-round inflation effects are moderate, saying, "We can continue to observe this situation." At the symposium, MPC member Mann, who supported a rate hike in July, warned that the spillover effects from the US and the rising dominance of the US dollar pose potential shocks to the transmission of the UK's monetary policy. The market has already priced in a 25 basis point rate hike by the UK this year, with bets on another hike next spring.
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