The Federal Reserve this Wednesday projected only one rate cut for this year, less than the central bank’s previous forecast, dashing investor hope for looser monetary policy coming this summer. Political uncertainty in Europe with a snap election being called in France also pushed the U.S. dollar index (DXY) higher against other major currencies to its strongest level in more than a month, putting pressure on bitcoin.
Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as...