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Crypto

U.S. inflation above 4 percent adds downside pressure on bitcoin and gold

U.S. consumer price inflation rose above 4 percent in May, raising the prospect that bitcoin and gold could face more pressure this year, a report said. The 4.2 percent annual gain weakened expectations for Federal Reserve rate cuts and prompted some to discuss the possibility of a rate hike within the year. Analysts cited real rates and limited liquidity as key factors, while CME futures implied a 98.4 percent chance rates stay unchanged at the June 17 FOMC meeting.

Crypto

Shiba Inu daily burn value just $4 as burn rate drops 72 percent

Shiba Inu\'s daily token burn rate fell 72.04 percent, with 936,689 SHIB burned in the past 24 hours worth about $4. Weekly burns also dropped, reflecting weaker trading across the broader crypto market. Santiment said trading volumes in major non-stablecoin and stablecoin assets were near multi-quarter lows. Derivatives indicators pointed to rising bearish sentiment. The token price remained weak but rose 1.87 percent after U.S. CPI data.

Crypto

Bitcoin spot ETFs extend outflows, key focus on $60,000 and FOMC

Bitcoin spot exchange-traded funds have seen about $2.1 billion in net outflows so far in June, nearing May’s total net outflows of $2.4 billion. Total net assets in bitcoin spot ETFs fell to $77.0 billion from $109.0 billion since May 10, while bitcoin slid 27 percent at one point. Analysts cited arbitrage redemptions, fee-driven fund rotation and shifts into AI stocks and planned IPOs, while macro uncertainty and inflation remain in focus.