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Crypto market holds steady ahead of Fed’s likely 25-basis-point hike and Senate vote

  • Crypto markets remain largely unchanged as investors await two major events.
  • The Federal Reserve is expected to raise rates by 25 basis points.
  • The U.S. Senate is scheduled to hold a cloture vote on the Digital Asset Market Clarity Act.

The crypto market is largely unchanged as investors await two major events expected within 24 hours: the Federal Reserve’s likely 25-basis-point interest-rate hike and the U.S. Senate’s cloture vote on the Digital Asset Market Clarity Act. A cloture vote is a procedure used to end debate and advance legislation. The source indicates that the rate increase is widely anticipated, although the provided text is incomplete.

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Crypto market holds steady ahead of Fed’s likely 25-basis-point hike and Senate vote - CoinPost Terminal