#FOMCMinutes Sharp statements made at the meeting of the Federal Open Market Committee at the end of July have so far put an end to the modest attempts of the cryptocurrency market to grow on Wednesday.

"Most participants considered the risk of rising inflation to be more significant of the two risks," the FOMC minutes stated, discussing the committee's views on price and employment relationships. "Regarding the risks of inflation growth, participants pointed to the uncertain consequences of tariff implementation and the possibility that inflation expectations may cease to be stable."

Immediately after the publication of the minutes, cryptocurrency prices partially retraced their daily gains. Bitcoin's price rose by 0.7% in the last 24 hours, reaching $113,300.

After one of the best sessions among major cryptocurrencies, Ethereum (ETH) increased by about 4.5%, reaching a mark of $4,270.

However, this specific FOMC meeting took place shortly before the release of the employment report for August, which showed not only slow job growth in July but also a significant decline of 258,000 jobs compared to the previously published data for June and May.