Bitcoin rose to a fresh one-year high on Thursday, as markets reacted to the release of June’s FOMC minutes. The report on last month’s Federal Open Market Committee meeting showed that “almost all participants” are in favor of further hikes this year. Ethereum also rebounded following the minutes. Bitcoin Bitcoin ( BTC ) climbed higher on Thursday, as traders continued to react to the latest FOMC minutes report. The minutes revealed that “Almost all participants noted that in their economic projections that they judged that additional increases in the target federal funds rate during 2023 would be appropriate.” BTC /USD rose to an intraday peak at $31,460.05, which comes following a low at $30,225.61 earlier in today’s session. As a result of this high, BTC rose to its strongest point since last June, when the price was trading above $32,000. Bulls appear to be once again targeting this point, however will first need to break out of a ceiling at $31,500. So far they have been
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