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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. 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.