Bitcoin Price Drops As White House Releases Massive Crypto Report, Federal Reserve Leaves Interest Rates Unchanged

Description

Bitcoin’s price is moving to the downside as the White House releases an extensive report on crypto policy, and the Federal Reserve once again decides against cutting interest rates. The new 166-page crypto report, entitled “Strengthening American Leadership in Digital Financial Technology,” fails to address how much Bitcoin the US government currently holds or offer new details on whether the administration will actively purchase BTC. Meanwhile, Chair Jerome Powell says the Fed is keeping inter...