Bitcoin Price Corrects Amid FOMC Meeting Minutes Showcasing Differing Views

The crypto market has been affected by the latest Federal Open Market Committee (FOMC) meeting minutes, which showed differences in views among officials. As a result, the price of Bitcoin has corrected to around $66,450, down by -1.25% from its previous value.

According to Vice President of INDODAX, Antony Kusuma, this is a normal consolidation phase and that Bitcoin is still in a healthy condition. He believes that the current market dynamics are not a cause for concern, but rather an opportunity for investors to plan their portfolios more maturely.

The FOMC minutes revealed that policymakers were nearly unanimous in keeping rates at current levels, but there were differences in views regarding the Fed's next move. Some officials opened the possibility of raising interest rates if inflation remained persistent, while others were willing to cut it if price pressures eased.

As a result of these differing views, global liquidity is being put under pressure, reflected by the strengthening of the US Dollar Index (DXY) to 97.7 levels. This has triggered a sell-off in the crypto market, causing the total capitalization to shrink.