US inflation rose 0.6% in April, reaching 3.8% year-over-year, the highest since May 2023, driven mainly by rising energy and food costs. This increase weakens expectations for Federal Reserve interest rate cuts in 2026, with markets now pricing in a higher chance of rate hikes instead. The inflation surge also pressured crypto markets, with Bitcoin and Ethereum prices falling after the report. The Federal Reserve's next move remains uncertain, with the June meeting closely watched for signals on policy direction amid persistent inflation above the 2% target.
The SEC has approved the T. Rowe Price Active Crypto ETF, allowing it to list and trade shares with an active strategy investing in 5 to 15 eligible cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). The fund can also use USD...
On-chain data shows a transfer of 75 million USDT from a Binance-linked wallet to an external address on the Ethereum network. This large stablecoin outflow could indicate a significant client withdrawal, internal wallet management, or an institution...
Bitcoin's market capitalization has dropped to 15th place globally, valued at around $1.275 trillion and trading near $63,849. It now ranks below major technology companies like NVIDIA, Apple, Meta, Tesla, Samsung, and new public listing SpaceX. This...
Bitcoin briefly surged past $64,000 following U.S. President Donald Trump's announcement of a tentative peace deal with Iran, reaching a seven-day high of $64,349. However, Iranian officials quickly denied the agreement, causing volatility but not sh...
Bitcoin is maintaining a price around $63,000 driven by optimism over a potential US-Iran peace deal in the Middle East, which is boosting positive social sentiment. Despite recent liquidations of over 108,000 traders and significant outflows from Bi...
