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Crypto

Wintermute warns bitcoin could slide if it breaks $75,000 as Nvidia results loom

Crypto market maker Wintermute warned bitcoin is testing a key support zone and could see further losses if it falls below $75,000. It set $76,000 to $78,000 as a major price area and said a break could open the way to the low $70,000s. Wintermute cited Nvidia earnings, ETF outflows, funding-rate resets and macro headwinds including inflation and higher U.S. yields, while noting reduced exchange balances and long-term buying as supportive factors.

Crypto

Bitcoin fails to reclaim $77,000 as oil and Treasury yields rise

Bitcoin stayed below $77,000 and extended weakness as U.S. long-term Treasury yields rose to around 20-year highs, pressuring both risk and safe-haven assets. The 30-year U.S. yield climbed to its highest level since July 2007, adding downside pressure on stocks and triggering selling in gold and silver, with spot gold falling below $4,500. Analysts cited high yields and high oil prices as a double burden on bitcoin, while geopolitical uncertainty persisted.

Finance

Sh Suhyup Bank to launch beauty savings product with Amore Mall, offering up to 4.3 percent interest

Sh Suhyup Bank is teaming up with AmorePacific to launch a lifestyle savings product combining finance and K-beauty. Customers who sign up will receive discounts and coupons usable at AmorePacific’s official online store, Amore Mall, along with an interest rate of up to 4.3 percent a year. The product will be sold from June 1 to Sept. 30, with a limit of 10,000 accounts and early termination if the cap is reached.