The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin traders are awaiting the Federal Reserve's June meeting minutes to determine the sustainability of the cryptocurrency's recovery. The minutes revealed that officials are concerned that the AI infrastructure boom could act as a new source of inflationary pressure. Consequently, Fed officials increasingly believe this boom might necessitate keeping interest rates higher for a longer period. Meanwhile, the US Senate is set to decide the fate of the CLARITY Act, a key crypto market-structure bill, within the next 20 working days.