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Awaiting FED Minutes in Bitcoin (BTC)! What Time Will It Be Announced?


In Bitcoin, eyes turned to the FED.
The leading cryptocurrency Bitcoin (BTC) is gradually losing value as of today. Although Bitcoin and altcoins have not experienced massive drops, the recent drops are still bothering many investors.
It is seen that the main focus of the declines experienced today is the US Federal Reserve (FED). The FED will release the minutes of the last FOMC meeting this evening at 21.00.
Recently, Fed Chairman Jerome Powell has emphasized many times that they can raise two more interest rates by the end of the year. Many Fed officials also agree with Powell's rhetoric.
In tonight's FOMC minutes, it will be revealed whether the FED shared these rhetoric for show or is determined to raise two interest rates.
The fact that the US Federal Reserve (FED) is determined to increase interest rates may cause the leading cryptocurrency Bitcoin (BTC) to sag below $ 30 thousand.
The detection of the FED's interest rate hike rhetoric to suppress the markets may enable Bitcoin to target the $32,000 level.
What Information Was Included in Past FED Minutes?
The following information was included in the FOMC minutes shared by the US Federal Reserve (FED) on May 24:
“THE PARTICIPANTS AGREE THAT INFLATION IS UNACCEPTLY HIGH AND DECREASE SLOWER THAN EXPECTED.”
“PARTICIPANTS BELIEVE THAT BANKING SECTOR STRESS WILL PUT THE PRESSURE ON ECONOMIC ACTIVITY.”
“A FEW PARTICIPANTS SAID THAT FURTHER POLICY TIGHTENING MAY NOT BE NEEDED IF THE ECONOMY DEVELOPS ACCORDING TO THEIR OWN LOOKS.”
“MARKET PARTICIPANTS EXPECTED A GENERAL INTEREST INCREASING OF 25 BASE POINTS AT THE MAY MEETING AND CONSIDER THE EMERGING RATE AS A POSSIBLE PEAK FOR THE CURRENT TIGHTENING CYCLE.”
“PARTICIPANTS EXPECT THE PEAK INTEREST RATE TO BE MAINTAINED UNTIL JANUARY 2024 FOMC MEETING.”
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SAVASvip
· 2023-07-05 12:23
thanks
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Kartalgolvip
· 2023-07-05 12:19
Thanks
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