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post: * #FED 'S KASHKARI SPEAKS IN CNBC INTERVIEW *KASHKARI: INFLATION HAS MOVED SIDEWAYS RECENTLY *KASHKARI: NEED TO WAIT AND SEE, GET MORE CONFIDENCE ON PRICES *KASHKARI: SHOULDN'T RULE ANYTHING OUT ON POLICY PATH *KASHKARI: FED IN GOOD POSITION BECAUSE OF STRONG LABOR MARKET
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On Monday (May 27), bitcoin (BTC) advanced by 1.35%. Reversing a 1.22% loss from Sunday (May 26), BTC ended the session at $69,365. Significantly, BTC revisited the $70,000 handle for the first time in four sessions. Lingering hopes of a September Fed interest rate cut drove buyer demand for BTC. Despite the recent services PMI and labor market data, the ...