Halfway through June, crypto markets have been rocked by several macro factors, which have brought bears to return to action. Bitcoin has moved below $25,000 for the first time since March, as the Security and Exchange Commission (SEC) sued both Binance and Coinbase. The Federal Reserve has also paused its rate hike policy, with traders still unsure of what this could mean for markets.
Current Market Status
The action taken by the SEC earlier this month has been the main source of bearishness, with the regulator moving to crack down on operators in the space.
Following this, inflation in the United States fell to lower than expected, coming in at a low of 4%, briefly boosting the U.S. dollar.
However, with the Fed opting to keep rates unchanged for now, market uncertainty has heightened, with traders processing the potential long-term impacts of tighter monetary policy.
June Outlook
Bitcoin (BTC) rose back above $25,000 on Friday, as traders moved to buy the recent dip in price.
The wo
We współpracy z: https://news.bitcoin.com/bitcoin-price-outlook-for-june/
