American encryption mining shares indicated at the end of May 28 minutes published by the Federal Reserve, to the increasing uncertainty about the country’s economic expectations.
The encryption market remained safe, despite the decrease in shares among the coding miners.
Understanding about economic expectations looming on the horizon
the minutes Among the meeting of the Federal Open Market Committee on May 6 and 7, which was issued on May 28, it stated, “The committee may face difficult bars if inflation proves to be more stable while the requirements for growth and employment are weakened.”
After its meetings in early May, the Federal Reserve decided to maintain fixed interest rates at 4.25 % to 4.50 %, with minutes that revealed the cause due to “another increase in uncertainty about the economic view, high risk of both high unemployment and high inflation.”
Riot platforms (RIOT) closed on May 28, a decrease of 8.32 %, Cleanspark (CLSK) decreased by 7.61 %, and Mara Holdings closed by 9.61 %, According to To Google Finance Data.
Meanwhile, Crypto Excination Coinbase also decreased by 4.55 %, fired Michostrategy (MSTR) from Michael Silor (MSTR), fell by 2.14 % after a collective lawsuit, accused company officials. After it failed to represent nature From Bitcoin (BTCInvestments accurately.
S&P 500 decreased by 0.56 % during the trading day.
Tension between Trump and Fed
It comes after modern Tension between US President Donald Trump The Federal Reserve, after Trump’s general criticized the President of the Federal Reserve, Jerome Powell, for not cutting interest rates at a speed. On April 17, Trump said, “Powell end can not come quickly!”
Related to: Bitcoin declines to less
The encryption market remained relatively stable during the same period. Bitcoin has decreased by 0.90 % over the past 24 hours, as it has been traded at $ 107,942 at the time of publication.
Market morale also improved with Crypto Fear & Greed index Climbing three points to 74, and moving to “greed” lands.
The interest rate decision was determined in the following Federal Reserve on June 18, with 97.8 % of the market participants expecting interest rates to remain unchanged, According to To the CME Fedwatch tool.
magazine: Go to Portugal to become a digital Bedouin for encryption – everyone else
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