Bitcoin fell under $69,000 following comments from Cleveland Fed President Beth Hammack, who expressed concern about persistent inflation risks that may require the Federal Reserve to raise interest rates soon. Hammack highlighted that inflation remains above the Fed's 2% target and is rising, which could lead to more restrictive monetary policy if action is delayed. This hawkish stance comes ahead of the June FOMC meeting, where rates are expected to hold steady, but the outlook for future hikes has pressured risk assets including Bitcoin. Institutional outflows and large Bitcoin transfers have also contributed to bearish sentiment in the market.
Bitcoin and several major cryptocurrencies experienced price declines, with Bitcoin dropping about 3.97% to $68,770. Other notable coins like Ethereum, Binance Coin, and XRP also saw decreases. Some smaller tokens showed gains, but overall market sen...
Standard Chartered's digital asset research head, Geoffrey Kendrick, suggests ether (ETH) could outperform bitcoin (BTC) by over 40% by the end of 2026. This outlook follows Strategy's recent bitcoin sale, which may signal a broader shift in crypto m...
Tom Lee defended the long-term value of Bitcoin and Ethereum, stating their core thesis is not broken despite recent underperformance compared to AI and software stocks. He highlighted the growing importance of crypto infrastructure in areas like aut...
Cryptocurrency markets show a general downward trend with major coins like Bitcoin dropping 4.09% to $69,184 and Ethereum falling 0.33% to $1,976.82. Other notable declines include XRP, BNB, and ADA, reflecting cautious investor sentiment. Some coins...
Bitcoin has fallen below the $70,000 mark, placing it beneath the lowest valuation band on the Bitcoin Rainbow Chart, a model that tracks its long-term price trend using logarithmic regression. This suggests Bitcoin is currently undervalued relative ...
