Fed Minutes Loom Over Mixed Cryptocurrency Market

Cryptocurrency prices were mixed on Wednesday as investors waited for the release of the Federal Reserve's latest meeting minutes, amidst ongoing uncertainty over the Strait of Hormuz.

Data from CryptoQuant and cited by Bloomberg showed that large Bitcoin holders have resumed buying after months of selling, adding around 43,000 coins worth approximately $2.75 billion in the past 60 days.

According to research firm Glassnode, both smaller and larger buyers, those holding between 100 and 1,000 coins and those with more than 10,000 coins respectively, have joined this buying wave.