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Bitcoin and altcoin market turned down after the Fed minutes. Cryptocurrency markets turned their direction down with the stock markets after the hawkish views predominated in the JULY FOMC minutes. With the US Fed once again exhibiting its determined stance towards the 2% inflation target in the minutes, Bitcoin closed the day at $28,730, falling below the $29,000 band after the announcement. While the downward trend in Bitcoin continues, it is seen that the cryptocurrency is trying to hold on to the $28,500 region in the first hours of the day. While the total cryptocurrency market value has decreased by $20 billion, the Altcoin market has recorded sharper declines than major cryptocurrencies. The largest altcoin Ethereum has plunged down to $1,780, breaking down the $1,820 band, which it has been supporting since June.
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