Bitcoin Holds at $63,000 Ahead of FOMC Minutes Release [Crypto Briefing]

[Financial News] Bitcoin is trading around $63,000 on the 7th. The market appears to be gauging its next move ahead of the release of the June Federal Open Market Committee (FOMC) minutes from the U.S. Federal Reserve System (Fed).
According to global crypto data platform CoinMarketCap, Bitcoin was trading at around $63,000 as of 10:45 a.m. on the day, up 0.60% from the previous day on a 24-hour basis. Bitcoin has risen 6.82% over the past week.
In the Korean won market, Bitcoin is trading around 95 million won. Based on the global crypto market comparison platform Cryprice, the Korea premium stands at -1.68%.
The market is expected to assess the outlook for future rate hikes through the June FOMC minutes, which will be released on the 8th local time. The minutes will be the first material to offer insight into the tone of the FOMC since Kevin Warsh took over as Fed chairman.
CoinMarketCap's Crypto Fear and Greed Index stood at 30 on the day, indicating 'fear.' The index ranges from 0 to 100. Values closer to 0 indicate 'extreme fear,' while those closer to 100 indicate 'extreme greed.'
At the same time, Ethereum was trading around $1,793, up 0.48% from the previous day. Ripple was trading around $1.14, down 0.89%.

yimsh0214@fnnews.com Im Sang-hyuk Reporter