Huge news for crypto..
FOMC Minutes Could Move Bitcoin and Broader Markets
This week, several key economic indicators are set to be released that could impact the markets. All eyes are on the FOMC minutes, coming out this Wednesday, which will offer insights into the Fed’s May decision to keep rates unchanged. If the Fed sounds hawkish, Bitcoin may face downward pressure as the dollar strengthens. But a dovish tone may lift crypto markets with hopes of rate cuts ahead. According to the CME FedWatch Tool, there is a 95% chance that the Fed keeps rates steady at the next meeting on July 30.
