Bitcoin Holds Steady Above $67K After Fed's Hawkish Interest Rate Projections, Paxos Lays Off 20% of Staff, and Curve's CRV Token Plunges 30%
Bitcoin maintained its position above $67,000 despite the Federal Reserve's hawkish interest rate projections. The US central bank predicted only one reduction this year, causing Bitcoin to briefly dip before recovering to trade between $67,200-$67,800. Meanwhile, Paxos has laid off 65 staff members, amounting to 20% of its workforce, in order to focus on asset tokenization and stablecoins. Finally, Curve's CRV token experienced a 30% drop in early Asian trading hours due to automatic liquidation of loan positions supposedly tied to its founder.
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