The US Federal Reserve has released the meeting minutes from the June 2023 Federal Open Market Committee (FOMC) meeting, which revealed that most Fed officials were in favor of keeping rates steady at the current level, while some officials preferred a 25 bps increase. Despite market expectations of rate cuts by the end of the year, almost all Fed officials expect more rate hikes in 2023.

June 28 (Cointime) - On June 28, Bitcoin experienced another test of its $30,000 support level as the US Federal Reserve remained hawkish on inflation. Fed Chair Jerome Powell reiterated the consensus for further interest rate hikes this year during a discussion with other central bank heads.

June 28 (Cointime) - US Federal Reserve Chairman Jerome Powell warned that there may be two more interest rate hikes before the end of 2023, causing the S&P 500 Index to drop while Bitcoin's price slightly increased.

June 20 (Cointime) - Despite the declining economic backdrop, crypto venture capital investments increased for the second consecutive month in May. According to Cointelegraph Research's Venture Capital Database, funding amounts rose by 34% from April, and the number of individual deals increased by 62%. The US Federal Reserve's decision to pause interest rate hikes on June 14th may be a bullish signal for financial markets, including the crypto market. Blockchain infrastructure remains the top sector for capital inflows, with Web3 leading in the number of deals conducted.

June 19 (Cointime) - The past week has been significant for the Bitcoin and crypto markets, with the US Federal Reserve's interest rate decision and BlackRock's application for a Bitcoin spot ETF.

Asian stocks hit a two-month high after the US Federal Reserve decided not to hike interest rates for the first time in 17 months, but projected two more 25 basis point hikes this year. The euro made a one-month peak after the decision at $1.0865 and now awaits a European Central Bank meeting where markets expect an eighth straight rate hike will take borrowing costs to two-decade highs. China's industrial output and retail sales figures fell short of market forecasts, while New Zealand's economy shrank into recession this year. The kiwi was last down 0.7% at $0.6163.

June 15 (Cointime) - US Federal Reserve Chair Jerome Powell announced on Wednesday that the central bank is committed to reducing the inflation rate to the 2% target. This statement was made during a press conference following the decision to pause interest rate hikes. The Bitcoin price showed a slight negative reaction to the central bank's stance, but this could be a precursor to a market rally.

Ahead of the June 14 Federal Open Market Committee meeting, the financial markets are anticipating that the US Federal Reserve will pause interest rate hikes. This expectation is reflected in the behavior of the S&P 500 Index, which is close to reaching a 13-month high.

Bitcoin's price received a boost after comments made by the US Federal Reserve Chair Jerome Powell during a press conference following a Federal Open Market Committee (FOMC) meeting. Powell suggested that the central bank is in no rush to raise interest rates despite inflation concerns, which led to a weakening of the US dollar. This, in turn, has benefited Bitcoin's price, which has been on a downward trend for the past few weeks. The comments by Powell are seen as a positive sign for the cryptocurrency market, as a weaker dollar typically leads to increased demand for alternative assets such as Bitcoin.

Analysts are weighing the potential impact of the recent House Republican bill to increase the US debt ceiling on the price of Bitcoin (BTC). Some believe that raising the debt ceiling would prompt the Federal Reserve to print more money, boosting capital inflows into "risky" assets like Bitcoin, while others argue that extending the debt ceiling would ensure that the Fed continues contracting its balance sheet through the ongoing quantitative tightening, leading to lower liquidity and more downside pressure for Bitcoin. The outcome may ultimately depend on the credibility of the US dollar and the potential for a default on US government debt, which could boost Bitcoin prices.