First Mover Americas: Crypto Majors Subdued After Fed's Hawkish Stance
Briefly

The biggest cryptocurrencies fell during the European morning, extending the subdued mood after the Federal Reserve trimmed interest-rate cut expectations on Wednesday. Bitcoin and ether both fell by around 1% over 24 hours, CoinDesk Indices data show... Bitcoin dropped to just below $66,000 - near the low end of the $72,000-$65,000 range it's been trading in for the past month - and ether was quoted around $3,500.
U.S.-listed bitcoin miners reached a record market cap of $22.8 billion on June 15, JPMorgan said in a report. The bank noted that almost all the companies outperformed bitcoin in the first two weeks of June, with Core Scientific the best performer, adding 117%, and Argo Blockchain the worst, dropping 7%... Bitcoin mining stocks gained in the first half of the month as investors reacted positively to news of Core Scientific's deal with artificial intelligence firm CoreWeave, the report said.
Read at Coindesk
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