{"id":14291,"date":"2024-06-12T21:13:50","date_gmt":"2024-06-12T18:13:50","guid":{"rendered":"https:\/\/forklog.com\/en\/federal-reserve-holds-key-rate-steady-as-bitcoin-dips-below-69000\/"},"modified":"2024-06-12T21:13:50","modified_gmt":"2024-06-12T18:13:50","slug":"federal-reserve-holds-key-rate-steady-as-bitcoin-dips-below-69000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/federal-reserve-holds-key-rate-steady-as-bitcoin-dips-below-69000\/","title":{"rendered":"Federal Reserve Holds Key Rate Steady as Bitcoin Dips Below $69,000"},"content":{"rendered":"<p>On June 12, the U.S. Federal Reserve <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20240612a.htm\" title=\"\">maintained<\/a> its key interest rate range at 5.25\u20135.5% per annum.<\/p>\n<p>The decision aligned with market expectations.<\/p>\n<p>On the same day, the U.S. Bureau of Labor Statistics released its consumer price report. The index value was below the forecast\u20143.3% compared to 3.4%.<\/p>\n<p>The cryptocurrency market reacted negatively to the decision. Bitcoin tested levels below $69,000. At the time of writing, the leading cryptocurrency is trading at $69,200.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-1024x640.png\" alt=\"Snimok-ekrana-2024-06-12-v-21.05.17\" class=\"wp-image-234720\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.05.17-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">5-minute BTC\/USDT chart on Binance. Data:\u00a0<a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In the last hour, most digital assets in the top 10 by market capitalization showed slight negative dynamics. According to <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>, Toncoin (-1.7%) and Ethereum (-1.2%) lost the most.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"593\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-1024x593.png\" alt=\"Snimok-ekrana-2024-06-12-v-21.11.52\" class=\"wp-image-234726\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-1024x593.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-300x174.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-768x445.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-1536x889.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-12-v-21.11.52-2048x1186.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>On June 10, a record series of inflows into spot Bitcoin ETFs, which lasted for 19 days, came to an end. Investors withdrew $64.9 million from exchange-traded funds based on the leading cryptocurrency in a single day.<\/p>\n<p>Back in July 2023, the Federal Reserve raised the key rate to 5.25-5.5% per annum. Since then, the rate has <a href=\"https:\/\/u1f987.com\/en\/news\/federal-reserve-maintains-key-rate-as-bitcoin-climbs-to-58000\">remained unchanged<\/a>. This marks the seventh consecutive decision to hold the rate steady.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On June 12, the U.S. Federal Reserve maintained its key interest rate range at 5.25\u20135.5% per annum. The decision aligned with market expectations. On the same day, the U.S. Bureau of Labor Statistics released its consumer price report. The index value was below the forecast\u20143.3% compared to 3.4%. The cryptocurrency market reacted negatively to the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1249,1224],"class_list":["post-14291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-federal-reserve-system","tag-macroeconomics"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=14291"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/14291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/14290"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=14291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=14291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=14291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}