As reported by CoinDesk, money markets now assign roughly a 50% probability to a Federal Reserve rate increase in July, up from about 10% only days earlier, as traders react to remarks from Fed Governor Christopher Waller that officials may need to raise rates to contain price pressures. That shift is reverberating across markets. Bitcoin trades near $62,380 after falling more than 2% in 24 hours, while Ether, XRP and other major cryptocurrencies also retreat, and the two-year U.S. Treasury yield rises to 4.29%, its highest level since early last year. The more hawkish tone is also linked to rising geopolitical and ... (full story)