With the Federal Open Markets Committee (FOMC) of the U.S. Federal Reserve meeting scheduled for the 11th and 12th of June, the cryptocurrency market has displayed a strong bearish price action over the past two days. Notably, there have been 4 FOMC meetings in 2024 and before every meeting, the crypto market has recorded a dump, with Bitcoin (BTC) price recording a correction of up to 10% before the meeting and recovering all losses on the FOMC day. Will the market experience a similar trend during this meeting?

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