馃毃 Crypto Market Update! 馃毃
- Bitcoin and the broader crypto market took a hit this week, dropping 4% to $3.37 trillion. The Fed's hawkish stance on inflation is a key factor, as revealed in their recent minutes.
- Fed Governor Waller hinted at slowing rate cuts to tackle inflation, adding to market jitters. Meanwhile, mixed job data adds to the uncertainty.
- BTC dipped below $92,500, with potential consolidation between $92k-$95k. Watch out for possible selling pressure from the DOJ's $6.5B Silk Road BTC sale.
馃挰 What are your thoughts on the Fed's impact on crypto? Share below!