Bitcoin Price: Former US Fed Official Hints At FOMC-Led Limitations

Crypto Market News: Ahead of the crucial Federal Open Market Committee (FOMC) meeting scheduled for June 14, 2023, the financial markets are widely anticipating that the US Federal Reserve halt interest rate hikes again. A clear indication to this is seen in the S&P 500 Index behavior, which is at the cusp of closing at a 13 month high on Monday, largely due to the expectation of the central bank pausing the rate hike spree. The S&P 500 rose 0.86% on Monday while the Nasdaq Composite Index jumped 1.3%. However, it remains to be seen whether the markets will have any real deviation if and when the rate hike pause is announced.