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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

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.

Crypto

Jim Cramer calls bitcoin and gold \'bad money\' as funds shift to tech stocks

U.S. investment commentator Jim Cramer has labelled both bitcoin and gold as \"bad money\" and said market funds are moving into high-growth technology shares such as Nvidia and Apple. Blockchain outlet U.Today reported that Cramer sees bitcoin and gold being liquidated while artificial intelligence-related stocks absorb the money. His remarks follow stronger criticism of Strategy and its bitcoin sales. Market participants also point to AI-driven capital concentration as weighing on bitcoin.