Bitcoin has been walking sideways interminably lately, but two pieces of political/policy news perked up the original cryptocurrency yesterday, and they happened at basically the same time.
Second, the minutes from last month's Fed policy meeting confirmed that September rate cuts looked likely.
What we're watching: Whether or not RFK throws his support behind former president Donald Trump.
RFK doesn't have a ton of supporters, but in a tight race like this one, every little bit will help.
The crypto market clearly thinks the former president is a better choice.
What they're saying: "Bitcoin has likely been trading with a correlation to Trump winning. And that makes sense to me," Travis Kling of Ikigai Asset Management, a crypto fund, wrote on X yesterday.
"Hate it or love it, this election is highly consequential for us."