Fed’s Impact on Crypto: Setbacks and Market Responses Unfold

Key Points

1. Bitcoin's price fluctuated around $116,000, with daily losses nearing 3%, while the $115,500 mark was noted as significant.

2. The U.S. House of Representatives rejected a procedural vote for crypto legislation, contradicting former President Trump's optimistic declaration of a 'HAPPY CRYPTOCURRENCY WEEK.'

3. Fed member Collins stated that a robust economy provides the Fed with flexibility, potentially leading to a 3% rate by year-end, though corporate impacts and employment growth may be affected.

4. The article mentions ongoing volatility in the crypto market, advising readers to conduct their own research due to risks associated with platforms like Telegram, Facebook, Twitter, and Coinmarketcap.