📉 Bitcoin (BTC) traded at $61,000 after a gloomy inflation outlook in the US. The Federal Reserve Chair, Jerome Powell, stated that conditions for lowering interest rates weren't convincing enough, causing a slight dip in BTC price. Despite market expectations of 2 rate cuts this year, the Fed suggests only 1 cut is coming. Meanwhile, Bitcoin market participants are keeping a close eye on BTC/USD as it returns to a familiar range. Some experts warn of a potential "healthy overdue correction" due to the ongoing capitulation phase among miners. Stay tuned, folks! 🚀