Bitcoin price action avoided volatility but failed to bounce from local lows after a hawkish Fed meeting and posturing over Strait of Hormuz control from Iran.
Bitcoin reached $63,000 on Juneteenth. Despite avoiding significant volatility, it struggled to recover from recent lows. This was influenced by a hawkish Federal Reserve stance and geopolitical developments concerning the Strait of Hormuz, with July Fed rate-hike odds nearing…
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