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Crypto

Cardano market cap recovers to $6 billion, on-chain metrics sound warning

Cardano\'s market value has recovered to the $6 billion level as the broader crypto market ticked up after a U.S. inflation reading. But bearish sentiment is rising in derivatives markets, with more short bets and a potential dead cross on the weekly chart. On-chain data tracked by Santiment show unusual moves, including rising age-consumed metrics and dormant wallets starting to move, while trading volumes have fallen to a two-year low.

Crypto

U.S. consumer inflation jumps most in three years; bitcoin and ether hold up amid market jitters

U.S. May consumer prices posted the biggest annual rise in three years, stoking concerns the Federal Reserve could keep policy tight for longer. The CPI rose 4.2 percent from a year earlier and 0.5 percent from April, in line with expectations. Despite the data, cryptocurrencies pared losses and rebounded, with bitcoin edging up over 24 hours and ether and solana also rising. Analysts cited energy prices and geopolitical tensions as drivers.