Crypto currencies news

Massive gains by the Japanese Yen on soaring investor confidence in Japan, plus a weaker US Dollar on the prospect of more interest rate cuts due in 2026, dominated the markets last week.

Higher Average Hourly Earnings, Non-Farms Put Hawkish Tilt on Rate Cuts, 25bps Still Expected in June; Mimura Comments Halt Yen Rise; Bitcoin Still Looking Weak; Stocks Consolidating or Weakly Bullish

Bitcoin price remained under pressure on Thursday as investors remained on the sidelines and as end divergence with the stock market gained steam. The BTC/USD pair retreated below 68,000, down sharply from the year-to-date high of 126,300.

Weak US Retail Sales Data Sent US Yields, Dollar Lower; USD/JPY Falls Strongly for 3rd Day; Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Gold Holds Above $5k on US Rate Cut Hopes; Bitcoin Remains Held by Resistance

The BTC/USD pair remained under intense pressure on Tuesday morning as the recent retreat resumed. Bitcoin dropped to $68,700, inside the range it has remained in the past few days, and much lower than the all-time high of 126,200.

Global Stocks Hit Record High, but Major US Indices Mostly Subdued, Asia Doing Best; Bitcoin Remains Held by Resistance

Bitcoin price held steady above the key psychological level at $70,000 as volatility in the market dropped and a risk-on sentiment prevailed. The BTC/USD pair was trading at 70,800, up sharply from the year-to-date low of 60,100.

Bitcoin fell to a new 16-month low price, but rebounded to print a bullish V recovery before running out of steam at $71,762.

Bitcoin has been horrific lately, as the markets continue to see a lot of selling pressure overall. Bitcoin is still looking for some kind of reason to move in a positive light, other than being oversold.