Fed holds rates amid higher inflation outlook: Bitcoin bounces to $72K

Fed holds rates amid higher inflation outlook: Bitcoin bounces to $72K

Bitcoin reclaimed $72,000 after the Federal Reserve minutes revealed a pause on interest rate cuts and mild concerns that short-term inflation may rise. Will the BTC rally resume?

Bitcoins (BTC) bullish start to the week faced a halt on Wednesday, as BTC dropped 3.4% to $70,900 alongside an overarching sell-off in US stocks.  The correction followed a hotter-than-expected Pro… [+3745 chars]