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Musadiq

06/23 17:29

Crypto market selloff deepens as Warsh Fed and Ira

Wintermute said crypto markets absorbed a risk reset before U.S. equities could fully respond, after the Federal Reserve held rates steady and U.S.-Iran talks lost momentum. The market maker’s June 22 update said Bitcoin fell while stocks were still shielded by the Juneteenth market closure. It framed the move as a timing gap between always-open crypto trading and delayed equity price action. Meanwhile, the Fed kept its target range at 3.50%-3.75%, but the message around policy changed. Wintermute said the statement became shorter, the easing bias disappeared, and officials moved closer to rate hikes than cuts. The firm quoted the shift as one reason traders grew more cautious on Bitcoin, Ethereum, and other liquid crypto assets. At the same time, lower oil prices did not remove the rate concern, because markets focused on wider inflation pressure and a Fed that now sounded less willing to guide investors toward future cuts. #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Invites You to Share 600K USDT in Gift Packs #World Cup Predictions: 100,000 USDT Daily
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