Bitcoin and Ethereum experienced a surge following the release of the Federal Reserve's minutes from its July meeting, during which two governors expressed dissent over the decision not to cut interest rates. The minutes indicated that Governors Waller and Bowman argued for a reduction in the federal funds rate, framing inflation as nearing the committee's 2% target. Following the news, Bitcoin was trading above $114,250 and Ethereum around $4,350, rebounding from initial dips. The Fed's inclination towards a rate cut is expected to benefit the crypto market by increasing capital for investments. This dissent marks a significant moment, as it's the first time since 1993 that two governors disagreed on such a scale. The minutes provide insights into the evolving economic discussions as the Fed aims to balance inflation control with growth amidst challenges, including external pressures.

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