The minutes from the Federal Open Market Committee (FOMC) meeting held on June 11-12 will be released today at 6:00 pm (UTC).
These minutes will shed light on whether the Federal Reserve's policymakers are leaning towards a dovish or hawkish stance in response to persistent inflation.
Despite inflation decreasing from a peak of 9.1% in June 2022 to 3.4% in May 2024, it has averaged 3.2% over the past six to eight months. The Fed has maintained its key interest rate at a 23-year high since July 2022 and has indicated no rate cuts until inflation hits 2%.
Expect significant market volatility in $BTC , $ETH and other Altcoins like $SOL as investors react to the insights provided by the FOMC minutes. This could impact crypto markets as well. Stay tuned for real-time updates, and make sure your notifications are on.
🚨The SEC has delayed the launch of U.S.-based spot Ethereum ETFs, originally anticipated for July 2.
The SEC requested resubmissions of the S-1 forms, potentially pushing the launch to mid-to-late July, according to Bloomberg analysts Eric Balchunas and James Seyffart.#ETHETF $ETH
🇧🇴Bolivia lifts ban on #Bitcoin and enables #cryptocurrency transactions through banks. The regulation shift ends the country's ban on cryptocurrency use, which has been in effect since 2014.
👉A Great Chance for Bolivians to Start Their Trading Journey $BTC
🚨VanEck’s decision to focus on Solana is rooted on the blockchain’s unique technological attributes & expanding ecosystem.
Matthew Siegel, emphasized Solana’s high scalability,impressive transaction speeds, and minimal fees, positioning it as a potential “Ethereum competitor” #SolanaETF $SOL