Search results for personal consumption expenditures price index
Crypto
Three scenarios for XRP; $0.80 support mentioned if $1 breaks
XRP has rebounded after sliding to the $1 level, leaving it at a short-term turning point, a blockchain outlet reported. Selling followed the release of the May personal consumption expenditures price index, and XRP fell for three straight sessions, retreating to $1.06. The report outlined three scenarios: continued rebound with $1.06 acting as support; a narrow range as markets await a catalyst; or a renewed break below $1, with $0.80, $0.62 and $0.51 cited as potential supports.
Crypto
Bitcoin hits 2026 low then rebounds; will weak U.S. stocks trigger further declines?
Bitcoin slid 9% over three days to its lowest level so far in 2026 before edging back to around $59,500. It triggered more than $1 billion in liquidations as it retested $58,000, Cointelegraph reported. The decline coincided with U.S.-listed spot Bitcoin ETF outflows, an options expiry skewed to puts and widening unrealised losses at Strategy. Analysts said a rebound would need drivers beyond supportive equity markets.
Crypto
Strategy\'s record buying fails to lift bitcoin as high-rate worries weigh
Strategy, known for its bitcoin investment strategy, has overtaken BlackRock to become the largest holder of bitcoin. Despite aggressive buying, bitcoin slid to a three-week low, stoking market unease. Investors are focusing on worries that high U.S. interest rates will persist, with the Federal Reserve maintaining a tight stance and core PCE inflation stuck around 2.9 percent. Rising U.S. Treasury yields and net outflows from spot bitcoin ETFs have also weighed on sentiment.