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Author: CoinDesk

Bitcoin Plunges to $65K, Altcoins Bleed 10%-20% as Week Turns Ugly

The Federal Reserve this Wednesday projected only one rate cut for this year, less than the central bank’s previous forecast, dashing investor hope for looser monetary policy coming this summer. Political uncertainty in Europe with a snap election being called in France also pushed the U.S. dollar index (DXY) higher against other major currencies to [...]

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Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

Author: CoinDesk

United Kingdom

Source: Crypto Breaking News

Jun 14, 2024 05:50

Assured Spot Ether ETF Approval Fails to Stir Slumping Crypto Market

“$66K seems like equilibrium,” said well-followed analyst Skew in an X post, who along with others is trying to decode a market that won’t go sustainably higher despite a lot of recent bullish news: improving inflation data, a Bitcoin-friendly presidential frontrunner in Donald Trump, spot ETH ETF approvals, and other risk asset markets (namely U.S. [...]

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