No Cuts, No Bitcoin Breakout: FOMC and SLR Speculation Grip Crypto Markets

The Bitcoin (BTC) price hovers below the $107,000 threshold, and a supply overhang limits further upside. Meanwhile, traders’ attention is on the US Federal Open Market Committee (FOMC) interest rate decision in the June 17/18 meeting. Bitcoin Stalls Below $107,000 as Fed Decision Looms The FOMC’s interest rate decision tomorrow is critical after last week’s CPI (Consumer Price Index) report. BeInCrypto reported that inflation increased in May for the first time since February source: https://beincrypto.com/crypto-markets-brace-for-fomc-bitcoin-stalls/