BREAKING NEWS: FED Meeting Minutes Published! Good or Bad for Bitcoin?

As always, the US continues to be on the agenda of traditional financial markets and the cryptocurrency sector today. Economic data from the US affects the price movements of Bitcoin (BTC) and altcoins.

In the past minutes, the minutes of the US Federal Reserve's (FED) last FOMC meeting were announced. Here is the important information in the latest minutes:

“According to the minutes, the vast majority of participants said that if data continues to come in as expected, it would be appropriate to ease policy at the next meeting.

Some participants said that recent progress in inflation and increases in unemployment provided a reasonable basis for a 25 basis point rate cut at the July meeting, or that they would support such a move.

The majority of participants said that risks to the employment target had increased, while risks to the inflation target had decreased.

Participants explained that they saw the latest data as a development that strengthened their confidence that inflation was moving towards the 2% target.

All participants supported keeping the policy rate in the current range in the last interest rate decision.

Some participants said that reducing policy restrictions too early or too much could reverse the declines in inflation.”

It was observed that the leading cryptocurrency Bitcoin (BTC) was not affected by the latest FED minutes.