Fed's Hammack Says 'No' to Rate Cut; Bitcoin Slips to Session Low Below $113K

Federal Reserve official Hammack has expressed a firm position against any interest rate cuts in the near future, leading to a ripple effect in the financial markets. As a result, Bitcoin has experienced a decline, falling to a session low that just dipped below the $113,000 mark. source: https://www.coindesk.com/markets/2025/08/21/fed-s-hammack-says-no-to-rate-cut-bitcoin-slips-to-session-low-below-usd113k