Bitcoin (BTC) continues to trade in a tight range around $77,000 on Wednesday morning in the United States. The main stock indices posted slight gains after three consecutive negative sessions.
The minutes of the Fed’s latest policy meeting are scheduled to be released at 2:00 p.m. ET. This April meeting was notable because it was the last to be led by Jerome Powell, with Kevin Warsh scheduled to be sworn in as Fed chairman on Friday.
The meeting was also significant because of four dissents — one from Stephen Miran, who wanted the central bank to cut rates, and three from board members who urged the Fed to drop any language suggesting an easing bias.
In the weeks that followed, bond markets globally saw a major fall, as unexpected economic strength combined with a resurgence in inflation to force rates traders into a major reassessment.
Nvidia (NVDA) reports quarterly results after Wednesday’s close. A significant stock price move in the technology sector is likely to lead to a significant move in the Nasdaq. Traders accustomed to the crypto’s correlation with this index will keep a close eye.
