News #Bitcoin. The Fed kept interest rates unchanged for the 7th consecutive time - Bitcoin price "rolled a roller coaster" overnight. After the meeting on June 12 (US time), the Federal Open Market Committee (#FOMC $BTC ) of the Reserve The US Federal Reserve (Fed) has announced the latest interest rate adjustment, thereby continuing to maintain interest rates in the range from 5.25 to 5% - the highest threshold since the 2008 financial crisis. Article This is said to cause the Bitcoin and crypto markets to have 12 extremely volatile trading hours.

This was the 7th consecutive meeting that the Fed did not adjust interest rates. The reason is because Fed Chairman Jerome Powell still maintains the goal of bringing inflation in the world's largest economy to 2%.

The persistence of inflation has kept interest rates unchanged since the last increase in July 2023. At its March meeting, the Fed forecast three interest rate cuts this year, with a total reduction of 0.75 percentage points, but after the June 12 meeting, the Fed forecast only one cut. unique interest rate this year. In the last 24 hours, there were nearly 200 million #USD derivative orders liquidated in the crypto market, with longs accounting for 55%. #TopCoinsJune2024