On Wednesday, June 18, a meeting of the Federal Reserve took place, where the head of the American central bank Jerome Powell spoke. He announced that the key rate remains at the same level of 4.25%–4.5%. In other words, this year's indicator remains unchanged. Federal Reserve representatives expect inflation and unemployment to rise in the near future. Nevertheless, Powell maintains the position that by the end of the year the rate will be lowered twice. In response to relatively neutral news, crypto investors reacted lethargically: after the regulator's head's speech, the price of Bitcoin did not change by even 0.5% on any day.
Despite some stagnation in BTC price dynamics, some analysts believe that not everything is so bad. For example, the marketing director of the analytics platform Santiment, Brian Quinlivan, believes that all the current negativity surrounding Bitcoin is created by retail traders. As an argument, he provided statistics that show for every negative review about BTC, there are 1.03 positive ones. This is the lowest ratio since the beginning of Donald Trump's trade war in early April.
