Crypto markets reacted positively to the latest Fed meeting minutes, all eyes now turn to the Dec. 14 meeting.
Crypto markets rose in anticipation of the release of the FOMC’s Nov. 1-2 meeting minutes, only to come back down afterward to previous levels.
The policy committee minutes indicated that the increase in interest rates will soon start to slow down. Crypto prices rose and quickly came back down upon the release of the minutes showing that the Fed is going to"slow" down its hikes.from its Nov. 1-2 meeting that revealed a consensus between the committee, with the Board of Governors voting unanimously to raise the interest rate on Nov 2. The committee is in agreement that the Fed needs to slow rate hikes, but less so on the end-point.
Bitcoin was trading at around $16,500 at the time of publication, while the total crypto market cap was at around $781 billion, according to data from TradingView.
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