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Bitcoin ETFs lose $1.7B in a week amid fears of Fed rate hikes and weak crypto market.

Market News
06 Jun 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Investors withdrew $4.7 billion from US spot Bitcoin ETFs since mid-May, driven by a falling Bitcoin price and concerns over Federal Reserve rate hikes. Bitcoin dropped from above $79,000 to below $60,000, with $1.7 billion in ETF outflows in the past week alone, led by BlackRock's IBIT. The selloff followed strong US jobs data that reduced expectations for near-term Fed rate cuts, as new Fed Chair Kevin Warsh signals a possible hawkish stance on inflation. Traders now expect at least one rate hike by year-end, adding pressure on the digital asset market.

More News

Aramark upgraded to buy as strong revenue growth and new AI data center business boost outlook

Aramark upgraded to buy as strong revenue growth and new AI data center business boost outlook

Aramark's commercial momentum is translating into visible revenue and margin improvements, with organic revenue up 12% in Q2 2026 and client retention above 98%. The company’s new Nexus segment, targeting hyperscale AI data centers, offers a higher-m...

Analyst Insights
Bullish
4 hours ago
Chainlink wins major deals with DTCC and Project Pangea to modernize $10T in global finance

Chainlink wins major deals with DTCC and Project Pangea to modernize $10T in global finance

Chainlink secured two major institutional partnerships: DTCC chose its Runtime Environment (CRE) for a new Collateral AppChain launching in Q4 2026 to manage real-time collateral across blockchains, and Project Pangea, a consortium of 50+ banks with ...

Protocol Fundamentals
Bullish
4 hours ago
Vietnam Tech Summit 2026 in Silicon Valley connects Vietnamese tech talent with AI leaders and top companies.

Vietnam Tech Summit 2026 in Silicon Valley connects Vietnamese tech talent with AI leaders and top companies.

Vietnam Tech Summit 2026, held August 7-8 at the Computer History Museum in Silicon Valley, is the largest Vietnamese-led tech event in the U.S., focusing on AI's impact on technology careers. The summit offers company tours at Google, Microsoft, Net...

Others
Neutral
4 hours ago
Pony.ai shares plunge despite strong Q1 and raised 2026 guidance, seen as undervalued by analyst.

Pony.ai shares plunge despite strong Q1 and raised 2026 guidance, seen as undervalued by analyst.

Pony.ai's stock hit a record low after a market overreaction to regulatory concerns, despite delivering strong Q1 results with 145% year-over-year revenue growth and raising its 2026 revenue guidance. The company achieved unit operating break-even in...

Analyst Insights
Bullish
5 hours ago
XRP nears $1 after June drop, historical data suggests a July rebound to $1.40.

XRP nears $1 after June drop, historical data suggests a July rebound to $1.40.

XRP closed June near the key $1 level after a 22% drop this month and a tough first half of 2026. Historically, July and the third quarter have been strong for XRP, with average monthly gains over 10% and a median Q3 return of 27.1%. This pattern, co...

Market News
Bullish
5 hours ago
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