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Bitcoin Slips as Fed Holds Rates at 3.5%–3.75%, Flags Middle East Uncertainty
Bitcoin slipped after FOMC minutes confirmed the Fed kept the federal funds target range at 3.5%–3.75%. The minutes said developments in the Middle East were adding uncertainty, and the Fed wants to keep optionality as it weighs risks to both sides of its dual mandate. BTC fell to an intraday low of $74,937 after the minutes were published, then recovered to pre-announcement levels within hours. Glassnode said institutional flows into spot BTC ETFs and rising CME open interest have helped build a dense accumulation cluster between $65,000 and $70,000.