Bitcoin, the world’s most popular cryptocurrency, witnessed a drastic drop in its price, falling to approximately $57,000 per coin. This decline occurred on Thursday, marking a two-month low following the release of the U.S. Federal Reserve’s meeting minutes from June. The central bank’s indication of no immediate plans to cut interest rates had a direct
The Federal Reserve officials discussed in their June meeting that inflation is gradually moving towards their target of 2%, but not at a pace that would warrant lowering interest rates. The meeting minutes released on Wednesday revealed that additional positive data is needed for them to have greater confidence in the sustainability of inflation towards