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Crypto market in the red as traders take profits after Fed's hawkish tone
The cryptocurrency market traded in the red on Wednesday after the release of the minutes from June’s Federal Open Market Committee (FOMC) meeting showed that almost all Fed officials “judged that additional increases in the target federal funds rate during 2023 would be appropriate,” with some even favoring a rate hike in June. The hawkish tone of the FOMC meeting also put pressure on stocks, which traded in the red throughout the day as traders opted to remain on the sidelines ahead of the June jobs report scheduled for release on Friday. The S&P, Dow and Nasdaq were all lower at the closing bell, down ... (full story)