Crypto Decline After FOMC Minutes; Bitcoin Potentially Enters Long Zone

Cryptocurrencies like Bitcoin, Ethereum, and Dogecoin went down on Wednesday after the release of minutes from the September Federal Open Market Committee meeting. These minutes revealed that most committee members think it’s necessary to raise interest rates at least one more time during this cycle.

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The reason behind this decision is to keep interest rates high until there’s clear evidence that inflation is getting back to the targeted 2% per year. Read More...