Bitcoin falls below $70K as FOMC ‘refuses to hike’ interest rates

The crypto market faces a downturn — resilience is observed, with a focus on long-term strategies.The minutes pointed to the fact that despite some progress, inflation has remained above the FOMC’s 2% target, with many consumer sentiment surveys showing growing worries about future inflation., CEO of Goldman Sachs Group Inc., stated at a Boston College event that he currently predicted “zero” rate cuts.

The Dow Jones Industrial Average dropped by 201.95 points, or 0.51%, closing at 39,671.04, marking its worst session of the month. Similarly, the S&P 500 fell by 0.27% to reach 5,307.01, while the Nasdaq Composite, focusing on tech stocks, recorded a loss of 0.18%, ending at 16,801.54.Ishika is a graduate of Political Science from the University of Delhi. From writing content as a hobby to now pursuing it as a professional career, she has been living and breathing content all her life. Her interests lie in making sure articles are very digestible to a common reader, despite all its technicalities and jargons.

Source: Digital Coin News (digitalcoinnews.net)

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