MarketsUS CPI 4.2%: Bitcoin Under Pressure as Rate Cut Hopes Fade
US May CPI hit 4.2% YoY, a three-year high. Fed rate cut hopes are gone, leaving Bitcoin at risk of breaking below $60K despite a brief bounce to $62K.
MarketsUS May CPI hit 4.2% YoY, a three-year high. Fed rate cut hopes are gone, leaving Bitcoin at risk of breaking below $60K despite a brief bounce to $62K.
RegulationThe UK's Financial Conduct Authority proposed allowing UCITS funds to hold up to 10% in crypto ETNs, with a public consultation open until July 13.
BitcoinBitcoin recovered to $63,000 on June 8, triggering $540M in short liquidations at a 7-week high. A rare bullish RSI divergence has formed on the weekly chart.
InstitutionalHedge funds cut Bitcoin ETF holdings by 39%, brokers by 53%. Banks more than doubled. CoinShares analyzed Q1 2026 13F filings to find who was selling.
BitcoinBitcoin fell below $60,000 after US nonfarm payrolls beat estimates by 2x. A $2.6B short squeeze could reverse the trend - here is the data.
BitcoinGrayscale: Strategy's Bitcoin model is under its first stress test. STRC below $100, cash at $900M. BTC fell 21% in 10 days after first BTC sale since 2022.
BitcoinSpot Bitcoin ETFs logged a record 10-day outflow streak totaling $2.97B. Santiment analysts call it a contrarian indicator signaling a market bottom.
MarketsCrypto markets shed $80B after a second US strike on Iran in three days. Bitcoin dropped to $72,646 and Ethereum fell below $2,000.
BitcoinUnknown trader sold $1.3B in IBIT shares via dark pool. Galaxy Digital's Alex Thorn: largest such trade on record. Bitcoin fell 2.8% to a daily low of $75,600.