The Fed raised its key rate. Bitcoin held above $28,500
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The U.S. Federal Reserve (Fed) raised its key rate to 5-5.25% per annum, in line with market expectations. The Fed intends to return the inflation rate to 2%. Although the consumer price index rose 0.1% in April, this is better than expected. The news had no meaningful impact on the stock and cryptocurrency markets, including bitcoin, which held above the $28,500 level. The total capitalization of the digital asset market is $1.23 trillion.
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