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Bitcoin price slid as low as $30,225 before and immediately after the announcement of the minutes of the Federal Open Market Committee (FOMC) meeting in June, under selling pressure. The crypto king recovered after this pullback and rose again above the intermediate support of $ 30,500, and investors are now wondering what awaits BTC.


Along with the global markets, the eye of the crypto money market was on the minutes of the June FOMC meeting, which was announced on July 5. Highlights from the announced FOMC meeting minutes were as follows:
Some of the participants indicated that they would support a 25 basis rate hike.
All of the participants agreed that the target interest rate should not change.
Participants maintained their expectation of mild recession towards the end of the year.
All of the participants supported the continuation of the tight monetary policy.
Almost all of the respondents agreed that additional rate hikes would be appropriate throughout the year.
#ContentStar# #BountyCreator# #NewsMessenger# #HotTopicDiscussion# #winnerBitBird#
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SAVASvip
· 2023-07-06 09:57
Good news. Thanks
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