Institution: Any dovish suggestions in September could stimulate Bitcoin prices

ChainCatcher news, according to VanEck's head of digital asset research Matthew Sigel: "Bitcoin is a tool for hedging against currency devaluation. If the Federal Reserve hints at a more accommodative policy in the future, the cryptocurrency market is likely to interpret it as a green light."

LMAX Group market strategist Joel Kruger stated: "All eyes will be on the upcoming cryptocurrency policy report from the Federal Reserve and the White House. Any dovish tone from the Federal Reserve, or hints from the White House about strategically purchasing Bitcoin reserves, could quickly reverse Bitcoin's recent weakness."