"Hmmm BTC price movement still doesn't give any surprises."
The price of the mother of all cryptocurrencies Bitcoin (BTC) slipped more than 3% at $23,800 before the release of the FOMC meeting minutes, but is now up slightly at $24,147 in the last 24 hours.
During the minutes of the FOMC meeting published early this morning, United States Federal Reserve (Fed) officials suggested both hawkish and dovish views, but the discussion of stopping interest rate hikes was completely absent.
Still, most Fed officials view slowing rate hikes as one of appropriate risk management, with the Fed raising interest rates by 25 basis points in January from 50 and 75 basis points through 2022.
However, hawkish Fed officials were found to want to raise interest rates by 50 basis points in March and 25 basis points in May.
Through observation, the Fed still intends to raise interest rates to ensure that inflation really comes down to the central bank's target of 2%.
Following the minutes of the meeting, the total crypto market capitalization decreased by 2.92% from the previous day, putting it at $1.08 trillion.
While the stock market saw volatile movements as the Dow Jones Industrial Average remained unchanged from previous levels, the S&P 500 saw a gain of around 0.1% while the Nasdaq composite was up 0.3%.
