According to CoinMarketCap, Bitcoin fell 1.49% to $59,666 on June 26, hitting its lowest level since September 2024 (about 1 year and 9 months ago). BTC once touched a low of $58,121 during the session. The decline coincided with weakness in U.S. stock markets, with the Nasdaq falling 0.46% on June 25, the S&P 500 falling 0.01%, and the Dow Jones Industrial Average rising 0.14%. In addition, concerns about Strategy's (MSTR) ability to maintain its Bitcoin purchase program weighed on market sentiment, with the company's stock falling more than 9% and its preferred shares (STRC) hitting an all-time low.

BTC-2.21%
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BornForGood3913
· 06-26 01:12
According to BlockBeats, John Williams, President of the Federal Reserve Bank of New York, said on June 26 that inflation remains far above the Fed’s 2% target, pushing back the timeline for returning inflation to target from the previously expected “next year” to 2028. The Fed’s preferred inflation gauge, the PCE price index, rose 4.1% year over year in May, the largest increase since April 2023, further strengthening market expectations for future rate hikes. Williams expects inflation to fall to around 3.5% by the end of the year, and then gradually converge toward the target.
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