FOMC's Steady Rates Likely to Put a Dampening Shot on Crypto

The FOMC is expected to keep interest rates steady at 5.25%-5.50% during its June 11-12 meeting.

This likely continuation of high rates will strengthen the dollar, reduce market liquidity, and dampen risk appetite, putting downward pressure on the crypto market. Investors are advised to brace for potential declines in crypto valuations.
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