Bitcoin stays weaker after reaching a 21-month low overnight as expectations for U.S. interest-rate rises weigh. The Fed's signals about potential rate rises at the June meeting remains the dominant macro narrative with markets expecting tightening as soon as September, Nexo analyst Iliya Kalchev says in a note. "Thursday's nonfarm payrolls report, arriving ahead of the Independence Day holiday, is the next meaningful catalyst for the rate outlook that has weighed on crypto throughout June." Bitcoin falls 0.2% to $58,591 after reaching as low as $57,775 overnight, LSEG data show. (renae.dyer@wsj.com)
Dow Jones Newswires
Bitcoin Remains Under Pressure After Hitting 21-Month Low — Market Talk
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Bitcoin stays weaker after reaching a 21-month low overnight as expectations for U.S. interest-rate rises weigh. The Fed's signals about potential rate rises at the June meeting remains the dominant macro narrative with markets expecting tightening as soon as September, Nexo analyst Iliya Kalchev s…