June’s Fed Decision and the Future Path for Bitcoin

The key news for June was the Fed’s interest rate decision, which came as expected. So, what’s next for Bitcoin? The price, under additional pressure due to the SEC, remained in place as US stock markets rose. The Fed’s decision has not yet stirred the price as expected. So, what will happen next?  Bitcoin (BTC)  There is still a glimmer of hope for the bulls as the price is holding above the $25,000 support. Michael Saylor, co-founder of MicroStrategy, suggested in an interview with Bloomberg on June 13 that the regulatory pressure from the Securities and Exchange Commission could lead to a rise for Bitcoin. He also made some extravagant predictions. Given that he has tied a significant part of his fortune to Bitcoin, his extreme optimism seems understandable.  Investors despise uncertainty and typically stay on the sidelines until clarity emerges. The same could occur in the crypto markets in […] The post June’s Fed Decision and the Future Path for Bitcoin appeared first on COINTURK NEWS.