Bitcoin Price Tiptoes Above $30.5k As FOMC Minutes Bite: ‘Mild' Recession Looming in the US?

Bitcoin price has all of a sudden faced a significant surge in selling pressure in the aftermath of June’s United States Federal Open Market Committee (FOMC) meeting minutes. The consensus among officials during the meeting leaned towards maintaining the current interest rates, though a few suggested a slight increment of 25 basis points.