🔔Cryptocurrency news!🔔 Despite the stability of the crypto market after the FOMC meeting, US stocks showed a slight decline due to the unlikelihood of tight monetary policy.
• Federal Reserve officials remain skeptical despite positive consumer price index (CPI) data in April.
• Some at the policy meeting considered raising rates, but officials including Chairman Jerome Powell hinted otherwise.
• Following the FOMC's decision to keep short-term interest rates at 5.25%-5.5%, US stocks fell slightly.
At the same time, Bitcoin (BTC) continues to prove its inflation-proof status, with an increase of 65% year-to-date. 📈
What do you think of this news? Share your opinions in the comments! 👇