Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but “nobody knows” yet how lasting the impact will be.
Bitcoin sinks below $71,000, stocks close at session lows, as 2026 Fed rate cut hopes fade further
Fed chair Jerome Powell said rising energy prices are feeding into the inflation outlook, but "nobody knows" yet how lasting the impact will be.
Shares:
"The consensus view is that crypto markets are bearish until about September," said one analyst.
BTC hovers close to the key support zone of $107K-$110K. The outcome here could set the stage for significant moves.
The firm had earlier sold Circle shares in three tranches.
"RLUSD is proving their value in real-world applications like donations and large-scale transactions,” an XRP Ledger developer said.