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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

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.

Finance

Won-dollar rate surges to 1,560, raising market jitters

South Korea\'s won-dollar exchange rate jumped to the 1,560 level, its highest since the financial crisis, stoking anxiety in currency markets. A surge cooled after authorities’ verbal intervention and the National Pension Service resumed currency hedging, but caution over U.S. monetary policy, Middle East uncertainty, foreign selling of local stocks and offshore NDF trading continue to weigh on the won. Analysts said the near-term ceiling may be limited, though volatility could persist.