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Bitcoin Holds Steady After Fed Maintains Rates in June

  • Bitcoin traded relatively flat after the Federal Reserve maintained rates in June, a move expected by markets due to lingering inflation concerns.
  • The Fed's cautious stance emphasized the need for 'greater confidence' in the disinflation trend before considering rate cuts, reassuring investors.
  • With rates unchanged, Bitcoin could continue consolidating in the short term, avoiding immediate bullish momentum or downside pressure.
  • Traders are now monitoring upcoming inflation and labor market data to gauge future Fed policy decisions.
  • Investors are currently balancing optimism for potential rate cuts with caution stemming from the Fed's 2% inflation target.
  • Risk-on sentiment could strengthen if economic data aligns with the Fed's criteria for rate reductions.
  • The article discusses Bitcoin's response to the Fed's decision and its implications on market sentiment going forward.

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