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Bitcoin Falls Under $67,000 Amid FOMC Rate Cut Speculation

The post Bitcoin Falls Under $67,000 Amid FOMC Rate Cut Speculation appeared first on Coinpedia Fintech News

Bitcoin is trading at $66,886 after an intraday fall of 3.68%, down from its all-time high of $73,750. The market cap stands at $1.32 trillion with a 24-hour volume of $30.64 billion. This decline is linked to the upcoming FOMC meeting on June 12th, where potential rate cuts will be discussed.

However, the likelihood of rate cuts is limited due to recent employment data showing a significant increase in job numbers.

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