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Bitcoin wobbles around $39K as Fed confirms up to 1% key rate target next

So far, so good for markets pricing in a 50-basis-point hike from the Fed, with chair Jerome Powell still to speak.
Bitcoin (BTC) stayed mostly steady at $39,000 on May 4 as the U.S. Federal Reserve conformed to expectations of a 0.5% key interest rate hike.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin eerily calm on Fed statementData from Cointelegraph Markets Pro and TradingView showed BTC/USD exhibiting minimal fluctuation as the Fed confirmed what many assumed had already been “priced into” markets.In contrast to previous remarks from the Federal Open Markets Committee (FOMC), the May 4 statement did not spark major volatility on crypto markets. The most that traders had to contend with was a brief spurt to just under $39,500.At the time of writing, Bitcoin traded at similar levels throughout the day.”With appropriate firming in the stance of monetary policy, the Committee expects inflation to retu

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