In today’s briefing:
- Crypto Crisp: Imminent Surge in Liquidity
Crypto Crisp: Imminent Surge in Liquidity
- Last Wednesday, the U.S. Consumer Price Index (CPI) for May was released, showing soft inflation.
- However, during the U.S. Federal Reserve’s (FED) subsequent FOMC meeting on the same day, the Fed was more hawkish than expected, indicating only a 25 basis points interest rate cut this year.
- This led to declines across the crypto market.
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