-
Cryptos show weakness after Coinbase ruling, analysts remain bullish above $67k
The crypto market experienced its second day of down-trending prices as cryptocurrency exchanges continue to be a weak point, with the courts ruling on Wednesday that the Securities and Exchange Commission’s (SEC) lawsuit against the staking service offered by Coinbase can to proceed. Stocks, meanwhile, rebounded after several days of losses as investors await Friday’s reading of the Personal Consumption Expenditures (PCE) price index to get a better sense of what the Federal Reserve may do next regarding interest rates. The CME FedWatch tool currently gives a 63% chance that the Fed will lower rates in June. At ... (full story)