Crypto Markets Drop Despite Cooling U.S. Inflation – The Defiant

🚀 Spot Ethereum ETFs On The Horizon Next Week! 🌐

ㅤ

📉 Crypto markets traded lower with Bitcoin at $60,600 (-1.4%), Ethereum down 1.3%, and Solana dropping 3.6%.

ㅤ

📊 Inflation in the US is slowing, with the core PCE index up 0.1% in May, meeting expectations.

ㅤ

📝 VanEck filed for a spot Solana ETF, boosting crypto sentiment. Ethereum ETFs could debut the first week of July.

ㅤ

💧 Inflows in Bitcoin spot ETFs slowed to $13 million, while 32,173 traders were liquidated for $76 million.

ㅤ

💡 Ethereum Name Service (+5%) and Akash Network (+7%) were among the top gainers; Fetch.ai, Athena, and Quant saw declines of 5% or more.

ㅤ

📉 Crypto Fear & Greed Index shows market sentiment in the fear zone due to recent volatility.

ㅤ

📰 This news was summarized by HAL149, experts in AI assistants for businesses. Contact us to create your custom news source on hal149.com or via email at hola@hal149.com.

ㅤ

#Crypto #Ethereum #Bitcoin #ETFs #HAL149 #CryptoNews #MarketUpdate #AI

ㅤ

For more info: https://thedefiant.io/news/markets/crypto-markets-drop-despite-cooling-u-s-inflation?rand=6477